Cost of Living in Gray Summit, MO

A+
12%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
27%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Gray Summit Missouri National
Cost of living8888100
Goods & Services9292100
Groceries9795100
Health care8990100
Housing7378100
Transportation9491100
Utilities10299100
New Real Estate Listings in Gray Summit Area
Search
Search Homes for Sale in Gray Summit, MO
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Gray Summit is 1% lower than the Missouri average
  • The cost of living in Gray Summit is 12% lower than the national average
  • Gray Summit housing is 27% lower than the national average
  • Missouri general sales tax is 17% lower than the national average
  • Missouri state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Gray Summit

See all the best places to live around Gray Summit

Compare Gray Summit, MO Cost of Living

      vs
      How would you rate the cost of living in Gray Summit?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Gray Summit?
      Write a review to give others more information about this area.
      See all Gray Summit poll results

      The best places in Missouri

      Here are the best places to live in MissouriCheck out the 10 safest cities in MissouriMost Dangerous Cities In The USCheck out the 10 most dangerous cities in Missouri

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$60,739$5,062$1,417$1,822
      Renters$25,625$2,135$598$769

      Missouri Sales Tax

      State General Sales Tax With Max Surtax
      Missouri 4.225% 10.85%

      Missouri Income Tax

      State Income Tax (Low) Income Tax (High)
      Missouri 2% 4.95%

      Goods & Services

      Item Gray Summit National avg. Difference
      Haircut $21.19$24.2612.7%
      Beauty Salon $40.57$45.5611.0%
      Toothpaste $3.75$3.701.3%
      Shampoo $1.11$1.2813.3%
      Movie $11.28$12.137.1%
      Bowling $16.92$18.006.0%

      Groceries

      Item Gray Summit National avg. Difference
      Ground Beef $6.40$5.849.7%
      Fried Chicken $1.36$1.5713.3%
      Milk $4.50$4.673.7%
      Potatoes $5.28$4.936.9%
      Pizza $10.84$12.0910.3%
      Beer $9.47$10.419.1%

      Health Care

      Item Gray Summit National avg. Difference
      Optometrist $125.72$125.680.0%
      Doctor $124.51$135.788.3%
      Dentist $100.78$113.2911.0%
      Ibuprofen $10.14$10.654.8%
      Lipitor $520.16$468.6011.0%

      Housing

      Item Gray Summit National avg. Difference
      Home Price $126,700.00$184,700.0031.4%
      Avg. Mortgage Payment $1,737.43$2,346.6926.0%
      Apartment Rent $785.00$949.0017.3%

      Transportation

      Item Gray Summit National avg. Difference
      Gasoline $3.20$3.467.6%
      Tire Balancing $50.00$59.9216.6%

      Utilities

      Item Gray Summit National avg. Difference
      All Electricity $133.84$193.9931.0%
      Phone $188.69$192.251.9%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Defiance, MO68945.9%
      Three Creeks, MO4945.9%
      Lake Tekakwitha, MO2708119.2%
      Grayhawk, MO7858118.6%
      Cedar Hill Lakes, MO3458316.7%
      Gray Summit, MO2,3838812.3%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tofino, BC2,383n/a 
      Mitchellville, IA2,3828811.7%
      Terre du Lac, MO2,382928.1%
      Commerce, OK2,3847821.7%
      Royal City, WA2,384963.8%
      Gray Summit, MO2,3838812.3%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024