Housing costs in Columbia?
A typical home costs
$312,700, which is 7.5% less expensive than the national average of
$338,100 and 47.3% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Columbia costs
$990 per month, which is 4.2% more than the national average of
$950 and 5.1% more than the state average of
$940.
Can I afford Columbia?
To live comfortably in Columbia (zip 65203), Missouri, a minimum annual income of
$59,760 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Columbia?
The cost of living in 65203 Columbia, MO is quite reasonable compared to other cities in the US. According to Sperling's Best Places, the cost of living index for 65203 Columbia is 92, which is 8% lower than the national average of 100. The median home price for this area is also lower than the national average with a median home price of $188,100. Housing expenses make up 32.5% of the monthly budget, which means that most people can afford to live comfortably in this area. Groceries and utilities are also fairly priced, and transportation costs are slightly lower than average as well. Overall, Columbia has an affordable cost of living that makes it a great place to call home.