Cost of Living in Fulton, MO

Population 12,611 · 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

Fulton is a smaller Missouri community of around 13000 residents, where median household incomes of $55,015 and housing costs ($145,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. At 9.9%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Fulton sits roughly 20 miles east of Columbia. Median home values run roughly 46% lower than Columbia's $268,000.

Cost Overview

Housing 47
Rent 63

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

About the Cost of Living in Fulton

The median home value in Fulton is $144,500 — 53% below the national median of $305,000. Median rent runs $831/month, 37% lower than the national median of $1,314/month. The median household income of $55,015/year is 26% lower than the US median of $74,580. The local unemployment rate is 9.9%, 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, Fulton has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$144,500
53% below avg
Zillow Home Value
$238,190
Zillow ZHVI
Median Rent
$831/mo
37% below avg
Zillow Rent
$1,140/mo
Zillow ZORI
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 53.9%
Renter-occupied 46.1%

💰 Estimated Monthly Budget

Rent median rent
$831
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,445/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
18.6 min
31% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.4%

Commute Mode

Drove alone
69.1%
Carpooled
11.6%
Public transit
2.0%
Walked
4.9%
Bicycle
0.2%
Work from home
10.4%

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
$55,015
26% below avg
Per Capita Income
$24,004
Unemployment Rate
9.9%
106% above avg
Poverty Rate
12.7%
Labor Force Participation
47.2%

🎓 Education

Bachelor's degree+ 15.5%
Graduate degree 8.9%

👥 Demographics

Median Age 34.8
Male median age 35.7
Female median age 33.6

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
80.4%
Good air days/yr
133
Max AQI recorded
0
PM2.5 days
245
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
13.7:1
Student-teacher ratio
5
Public schools
2,355
Total enrollment

Frequently Asked Questions

What is the cost of living in Fulton, MO?

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

What is average rent in Fulton, MO?

The median gross rent in Fulton is $831 per month based on 2023 Census data.

What is the average home price in Fulton?

The median home value in Fulton is $144,500 according to Zillow and Census data.

What is the median income in Fulton?

The median household income in Fulton is $55,015 per year (2023 ACS 5-year estimates).

What is the sales tax in Fulton, MO?

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

Is Fulton, MO affordable?

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

Fulton at a Glance

Population
12,611
Median Income
$55,015
Home Value
$144,500
Median Rent
$831/mo
Unemployment
9.9%
Sales Tax
8.4%
View all cities in Missouri →
🗺️ County data for Missouri

Explore county-level cost of living data

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