Cost of Living in De Soto, MO

Population 6,452 · Missouri · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in De Soto run well below national norms — a median of $46,181 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $144,000).

Located 40 miles southwest of St. Louis, De Soto falls within that metro's commuting orbit. Median home values run roughly 22% lower than St. Louis' $185,000.

Cost Overview

Housing 47
Rent 63

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

About the Cost of Living in De Soto

The median home value in De Soto is $144,000 — 53% below the national median of $305,000. Median rent runs $828/month, 37% lower than the national median of $1,314/month. The median household income of $46,181/year is 38% lower than the US median of $74,580. The local unemployment rate is 5.2%, above 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, De Soto has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$144,000
53% below avg
Zillow Home Value
$238,387
Zillow ZHVI
Median Rent
$828/mo
37% below avg
Price-to-Rent Ratio
14.5x
Favors buying
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 58.9%
Renter-occupied 41.1%

💰 Estimated Monthly Budget

Rent median rent
$828
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,442/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
38.9 min
44% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
15.1%

Commute Mode

Drove alone
75.4%
Carpooled
8.6%
Public transit
0.3%
Walked
0.2%
Work from home
15.1%

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
$46,181
38% below avg
Per Capita Income
$24,680
Unemployment Rate
5.2%
8% above avg
Poverty Rate
14.7%
Labor Force Participation
65.3%

🎓 Education

Bachelor's degree+ 6.8%
Graduate degree 4.5%

👥 Demographics

Median Age 32.6
Male median age 28.8
Female median age 35.9

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 44 — Good
62.2%
Good air days/yr
185
Max AQI recorded
204
PM2.5 days
157
Ozone days

Frequently Asked Questions

What is the cost of living in De Soto, MO?

De Soto has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in De Soto, MO?

The median gross rent in De Soto is $828 per month based on 2023 Census data.

What is the average home price in De Soto?

The median home value in De Soto is $144,000 according to Zillow and Census data.

What is the median income in De Soto?

The median household income in De Soto is $46,181 per year (2023 ACS 5-year estimates).

What is the sales tax in De Soto, MO?

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

Is De Soto, MO affordable?

Yes, De Soto is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

De Soto at a Glance

Population
6,452
Median Income
$46,181
Home Value
$144,000
Median Rent
$828/mo
Unemployment
5.2%
Sales Tax
8.4%
View all cities in Missouri →
🗺️ County data for Missouri

Explore county-level cost of living data

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