Cost of Living in Mexico, MO
Population 11,487 · Missouri · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Mexico a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $118,000. At 6.5%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Mexico is about 30 miles northeast of Columbia, the nearest large metro. Median home values run roughly 56% lower than Columbia's $268,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Mexico
The median home value in Mexico is $117,600 — 61% below the national median of $305,000. Median rent runs $706/month, 46% lower than the national median of $1,314/month. The median household income of $48,873/year is 34% lower than the US median of $74,580. The local unemployment rate is 6.5%, 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, Mexico has a cost of living index of 45 versus the US average of 100, meaning it is 55% 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 Mexico, MO?
Mexico has a cost index of 45 (100 = national average). It is 55% below the national average.
What is average rent in Mexico, MO?
The median gross rent in Mexico is $706 per month based on 2023 Census data.
What is the average home price in Mexico?
The median home value in Mexico is $117,600 according to Zillow and Census data.
What is the median income in Mexico?
The median household income in Mexico is $48,873 per year (2023 ACS 5-year estimates).
What is the sales tax in Mexico, MO?
The combined state and local sales tax rate in Mexico is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Mexico, MO affordable?
Yes, Mexico is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.
Mexico at a Glance
- Population
- 11,487
- Median Income
- $48,873
- Home Value
- $117,600
- Median Rent
- $706/mo
- Unemployment
- 6.5%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
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