A+
14%
Overall NAT. AVG.
11%
Goods & Services NAT. AVG.
22%
Housing NAT. AVG.
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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 Republic Missouri National
Cost of living8688100
Goods & Services8992100
Groceries9495100
Health care9590100
Housing7878100
Transportation9091100
Utilities8099100

An Overview of Cost of Living in Republic, MO

Are you thinking about relocating, but curious about the potential cost of living in Republic? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Republic stands at 86, making it 14% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday basics like clothes, personal care items and entertainment factor into your overall living costs. But here's the good news: in Republic, these things are 10.6% more affordable than the national average. So, you can get what you need and have fun without emptying your wallet. With these savings, you can stash more money in your savings or put it towards other financial goals, ultimately improving your financial health.

Is Republic Affordable?

Wondering if Republic is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Republic, for example, the median home price is 27.2% lower than what folks pay nationally, and monthly rent is 11.3% lower than the usual rates. Plus, income levels matter too, with Republic boasting a median household income of $55,322, which is 0% equal to the national average.

What Factors can Influence the Cost of Living in Republic?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Republic, the groceries index is 5.9% lower than the national average.

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Republic, healthcare costs are 5.1% lower than the national average.

Where is the Data From?

The cost of living in Republic, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Republic is 3% lower than the Missouri average
  • The cost of living in Republic is 14% lower than the national average
  • Republic housing is 22% 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 Republic

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Compare Republic, MO Cost of Living

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      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$70,643$5,887$1,648$2,120
      Renters$31,250$2,604$729$938
      A good way to judge both the affordability of the housing and the cost of living in Republic is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Republic has a median income of about $70,643 for people who own homes. Based on that number, a maximum of $1,648 should be spent on expenses related to housing. Renters have a slightly different median income, which is $31,250. Based on this average, renters should spend no more than $729 on all rental costs if they want to maintain a non-impoverished standard of living.

      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 Republic National avg. Difference
      Haircut $20.90$24.2613.9%
      Beauty Salon $43.40$45.564.7%
      Toothpaste $3.69$3.700.2%
      Shampoo $1.43$1.2811.9%
      Movie $11.45$12.135.7%
      Bowling $20.06$18.0011.5%

      Groceries

      Item Republic National avg. Difference
      Ground Beef $5.93$5.841.5%
      Fried Chicken $1.37$1.5712.7%
      Milk $4.65$4.670.5%
      Potatoes $4.78$4.933.1%
      Pizza $10.93$12.099.6%
      Beer $9.53$10.418.5%

      Health Care

      Item Republic National avg. Difference
      Optometrist $87.72$125.6830.2%
      Doctor $89.65$135.7834.0%
      Dentist $114.22$113.290.8%
      Ibuprofen $10.47$10.651.7%
      Lipitor $495.14$468.605.7%

      Housing

      Item Republic National avg. Difference
      Home Price $134,400.00$184,700.0027.2%
      Avg. Mortgage Payment $1,859.59$2,346.6920.8%
      Apartment Rent $842.00$949.0011.3%

      Transportation

      Item Republic National avg. Difference
      Gasoline $3.49$3.460.8%
      Tire Balancing $45.32$59.9224.4%

      Utilities

      Item Republic National avg. Difference
      All Electricity $193.72$193.990.1%
      Phone $200.43$192.254.3%
      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.
      Chesapeake, MO08910.7%
      Ash Grove, MO1,4047920.9%
      Aurora, MO7,4617920.7%
      Marionville, MO2,6338020.4%
      Hurley, MO1618119.1%
      Republic, MO16,5718614.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Aberdeen, WA16,5711033.0%
      El Segundo, CA16,575234134.3%
      Lemay, MO16,5658613.9%
      Country Club Hills, IL16,564991.3%
      Mercedes, TX16,5617327.0%
      Republic, MO16,5718614.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.