Cost of Living in Eldon, MO

Population 4,486 · Missouri · Data vintage 2023

48
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $39,202, median household incomes in Eldon land roughly 47% below the US median, a gap that tends to persist across local labor-market indicators.

Located 45 miles southwest of Columbia, Eldon falls within that metro's commuting orbit. Median home values run roughly 56% lower than Columbia's $268,000.

Cost Overview

Housing 38
Rent 62

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

About the Cost of Living in Eldon

The median home value in Eldon is $116,900 — 62% below the national median of $305,000. Median rent runs $809/month, 38% lower than the national median of $1,314/month. The median household income of $39,202/year is 47% lower than the US median of $74,580. The local unemployment rate is 4.5%, 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, Eldon has a cost of living index of 48 versus the US average of 100, meaning it is 52% less expensive.

🏠 Housing

Median Home Value
$116,900
62% below avg
Zillow Home Value
$243,637
Zillow ZHVI
Median Rent
$809/mo
38% below avg
Price-to-Rent Ratio
12.0x
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 70.5%
Renter-occupied 29.5%

💰 Estimated Monthly Budget

Rent median rent
$809
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,423/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
23.3 min
14% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
5.1%

Commute Mode

Drove alone
83.3%
Carpooled
8.9%
Walked
2.1%
Work from home
5.1%

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
$39,202
47% below avg
Per Capita Income
$24,723
Unemployment Rate
4.5%
6% below avg
Poverty Rate
13.4%
Labor Force Participation
53.1%

🎓 Education

Bachelor's degree+ 11.5%
Graduate degree 5.1%

👥 Demographics

Median Age 41.2
Male median age 36.9
Female median age 46.6

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
14.6:1
Student-teacher ratio
5
Public schools
1,911
Total enrollment

Frequently Asked Questions

What is the cost of living in Eldon, MO?

Eldon has a cost index of 48 (100 = national average). It is 52% below the national average.

What is average rent in Eldon, MO?

The median gross rent in Eldon is $809 per month based on 2023 Census data.

What is the average home price in Eldon?

The median home value in Eldon is $116,900 according to Zillow and Census data.

What is the median income in Eldon?

The median household income in Eldon is $39,202 per year (2023 ACS 5-year estimates).

What is the sales tax in Eldon, MO?

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

Is Eldon, MO affordable?

Yes, Eldon is generally considered affordable, with a cost of living index of 48 — about 52% below the US national average of 100.