Cost of Living in Marshall, MO
Population 13,699 · Missouri · Data vintage 2023
(100 = US avg)
Marshall is a smaller Missouri community of around 14000 residents, where median household incomes of $54,815 and housing costs ($146,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. The labor market has been unusually tight, with unemployment around 2.7% — below most comparable cities in the state.
Geographically, Marshall is about 50 miles west of Columbia, the nearest large metro. Median home values run roughly 46% lower than Columbia's $268,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Marshall
The median home value in Marshall is $145,900 — 52% below the national median of $305,000. Median rent runs $769/month, 41% lower than the national median of $1,314/month. The median household income of $54,815/year is 27% lower than the US median of $74,580. The local unemployment rate is 2.7%, 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, Marshall has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Marshall, MO?
Marshall has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Marshall, MO?
The median gross rent in Marshall is $769 per month based on 2023 Census data.
What is the average home price in Marshall?
The median home value in Marshall is $145,900 according to Zillow and Census data.
What is the median income in Marshall?
The median household income in Marshall is $54,815 per year (2023 ACS 5-year estimates).
What is the sales tax in Marshall, MO?
The combined state and local sales tax rate in Marshall is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Marshall, MO affordable?
Yes, Marshall is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Marshall at a Glance
- Population
- 13,699
- Median Income
- $54,815
- Home Value
- $145,900
- Median Rent
- $769/mo
- Unemployment
- 2.7%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
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