Cost of Living in Neosho, MO
Population 12,857 · Missouri · Data vintage 2023
(100 = US avg)
Neosho sits on the smaller end of the Missouri city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 65 miles west of Springfield, Neosho is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 10% lower than Springfield's $165,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Neosho
The median home value in Neosho is $148,600 — 51% below the national median of $305,000. Median rent runs $737/month, 44% lower than the national median of $1,314/month. The median household income of $55,159/year is 26% 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, Neosho 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 Neosho, MO?
Neosho has a cost index of 52 (100 = national average). It is 48% below the national average.
What is average rent in Neosho, MO?
The median gross rent in Neosho is $737 per month based on 2023 Census data.
What is the average home price in Neosho?
The median home value in Neosho is $148,600 according to Zillow and Census data.
What is the median income in Neosho?
The median household income in Neosho is $55,159 per year (2023 ACS 5-year estimates).
What is the sales tax in Neosho, MO?
The combined state and local sales tax rate in Neosho is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Neosho, MO affordable?
Yes, Neosho is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.
Neosho at a Glance
- Population
- 12,857
- Median Income
- $55,159
- Home Value
- $148,600
- Median Rent
- $737/mo
- Unemployment
- 5.2%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
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