Cost of Living in Columbia, MO

Population 127,200 · Missouri · Data vintage 2023

85
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Columbia cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $268,000, rents near $1,067 a month.

Cost Overview

Housing 88
Rent 81

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Columbia

The median home value in Columbia is $268,300 — 12% below the national median of $305,000. Median rent runs $1,067/month, 19% lower than the national median of $1,314/month. The median household income of $64,488/year is 14% lower than the US median of $74,580. The local unemployment rate is 3.9%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Columbia has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.

🏠 Housing

Median Home Value
$268,300
12% below avg
Zillow Home Value
$314,971
Zillow ZHVI
Median Rent
$1,067/mo
19% below avg
Zillow Rent
$1,398/mo
Zillow ZORI
Price-to-Rent Ratio
21.0x
Favors renting
Property Tax Rate
1.0%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$623
1 BR
$668
2 BR
$826
3 BR
$1,142
4 BR
$1,311
Owner-occupied 49.4%
Renter-occupied 50.6%

💰 Estimated Monthly Budget

Rent median rent
$1,067
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,681/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
18.3 min
32% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.6%

Commute Mode

Drove alone
74.1%
Carpooled
7.6%
Public transit
1.2%
Walked
5.6%
Bicycle
1.0%
Work from home
9.6%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.0%
Total Sales Tax 8.4%
State rate 4.2%
Avg local rate 4.1%
Property Tax 1.0%

💼 Income & Employment

Median Household Income
$64,488
14% below avg
Per Capita Income
$37,359
Unemployment Rate
3.9%
19% below avg
Poverty Rate
20.0%
Labor Force Participation
65.6%

🎓 Education

Bachelor's degree+ 30.1%
Graduate degree 26.4%

👥 Demographics

Median Age 29.2
Male median age 28.9
Female median age 29.5

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 42 — Good
79.9%
Good air days/yr
143
Max AQI recorded
0
PM2.5 days
244
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
13.3:1
Student-teacher ratio
35
Public schools
18,892
Total enrollment

Frequently Asked Questions

What is the cost of living in Columbia, MO?

Columbia has a cost index of 85 (100 = national average). It is 15% below the national average.

What is average rent in Columbia, MO?

The median gross rent in Columbia is $1,067 per month based on 2023 Census data.

What is the average home price in Columbia?

The median home value in Columbia is $268,300 according to Zillow and Census data.

What is the median income in Columbia?

The median household income in Columbia is $64,488 per year (2023 ACS 5-year estimates).

What is the sales tax in Columbia, MO?

The combined state and local sales tax rate in Columbia is 8.4%. The Missouri state income tax top rate is 5.0%.

Is Columbia, MO affordable?

Yes, Columbia is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.

Columbia at a Glance

Population
127,200
Median Income
$64,488
Home Value
$268,300
Median Rent
$1,067/mo
Unemployment
3.9%
Sales Tax
8.4%
View all cities in Missouri →
🗺️ County data for Missouri

Explore county-level cost of living data

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