Zip 65740 (Merriam Woods, MO) Cost of Living


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Merriam Woods cost of living score
80
Less expensive
20.0% lower
than the US average
6.5% lower
than the Missouri average
Merriam Woods (zip 65740), Missouri gets a BestPlaces Cost of Living score of 80, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 20.0% lower than the U.S. average and 6.5% higher than the average for Missouri.

Zip 65740 (Merriam Woods, MO)

Housing costs in Merriam Woods?
A typical home costs $149,700, which is 55.7% less expensive than the national average of $338,100 and 29.5% less expensive than the average Missouri home, at $212,300. Renting a two-bedroom unit in Merriam Woods costs $870 per month, which is 8.4% cheaper than the national average of $950 and close to the state average of $880.

Can I afford Merriam Woods?
To live comfortably in Merriam Woods (zip 65740), Missouri, a minimum annual income of $28,800 for a family, and $26,400 for a single person is recommended.

What does A.I. say about Merriam Woods?
The cost of living in 65740 Merriam Woods, MO is relatively low compared to the national average. The median home value in the area is around $158,500, making it an affordable place to live. The median household income is estimated to be around $37,400 annually which is lower than the national average. Utilities such as electricity and water are also reasonably priced and there is no state income tax in Missouri. All these factors make Merriam Woods a great location for those looking for an affordable place to live.
   Cost of living score
     CategoriesMerriam WoodsMissouriUnited States
  80.085.6100.0
  92.594.9100
  102.8104.3100.0
  33.466.5100.0
  $149,700$212,300$338,100
  101.6%98.5%100.0%
  79.786.2100.0
  73.785.6100.0

   100=National Average

   Average Rent by Bedroom Size
Crime