Housing costs in Ferguson?
A typical home costs
$107,300, which is 68.3% less expensive than the national average of
$338,100 and 49.5% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Ferguson costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 8.7% more than the state average of
$950.
Can I afford Ferguson?
To live comfortably in Ferguson, Missouri, a minimum annual income of
$20,520 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Ferguson?
The cost of living in Ferguson, MO is quite reasonable. The median home value is approximately $119,700 and the median monthly rent is about $736. According to BestPlaces, the city has a cost of living index of 86.3 which is lower than the national average of 100. This makes it an affordable place for residents to live. Grocery bills are also low at a consumer price index of 89.8, while utilities such as electricity are slightly higher at 108. In general, this makes Ferguson an affordable and attractive place to live for those looking for an area that won't break their budget.