Cost Of Living in Trenton, MO

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18%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

46%

Housing NAT. AVG.

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	Trenton	Missouri	National
Cost of living	82	88	100
Goods & Services	92	92	100
Groceries	97	95	100
Health care	84	90	100
Housing	54	78	100
Transportation	89	91	100
Utilities	109	99	100

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Cost Of Living Quick Facts

The cost of living in Trenton is 7% lower than the Missouri average
The cost of living in Trenton is 18% lower than the national average
Trenton housing is 46% 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

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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	$57,669	$4,806	$1,346	$1,730
Renters	$36,769	$3,064	$858	$1,103

The affordability of the housing market in Trenton, MO as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Trenton homeowners, the median income is $57,669. This indicates that a monthly maximum of $1,346 should be spent by homeowners on all housing related costs. Renters have a median income of $36,769. This indicates that renters would have a maximum of $858 for their rent related monthly costs.

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	Trenton	National avg.	Difference
Haircut	$20.30	$24.26	16.3%
Beauty Salon	$33.43	$45.56	26.6%
Toothpaste	$3.70	$3.70	0.2%
Shampoo	$1.42	$1.28	10.9%
Movie	$12.03	$12.13	0.9%
Bowling	$15.57	$18.00	13.5%

Groceries

Item	Trenton	National avg.	Difference
Ground Beef	$6.31	$5.84	8.0%
Fried Chicken	$1.40	$1.57	11.0%
Milk	$4.62	$4.67	1.0%
Potatoes	$5.24	$4.93	6.2%
Pizza	$11.48	$12.09	5.0%
Beer	$9.39	$10.41	9.8%

Health Care

Item	Trenton	National avg.	Difference
Optometrist	$96.50	$125.68	23.2%
Doctor	$90.20	$135.78	33.6%
Dentist	$100.33	$113.29	11.4%
Ibuprofen	$10.67	$10.65	0.2%
Lipitor	$474.53	$468.60	1.3%

Housing

Item	Trenton	National avg.	Difference
Home Price	$92,200.00	$184,700.00	50.1%
Avg. Mortgage Payment	$2,152.92	$2,346.69	8.3%
Apartment Rent	$614.00	$949.00	35.3%

Transportation

Item	Trenton	National avg.	Difference
Gasoline	$3.17	$3.46	8.3%
Tire Balancing	$49.17	$59.92	17.9%

Utilities

Item	Trenton	National avg.	Difference
All Electricity	$217.10	$193.99	11.9%
Phone	$199.94	$192.25	4.0%

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.
Brimson, MO	30	94	5.8%
Edinburg, MO	84	94	5.8%
Spickard, MO	314	70	29.9%
Laredo, MO	147	72	27.8%
Galt, MO	175	74	26.0%
Trenton, MO	5,679	82	17.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lackland AFB, TX	5,679	126	25.9%
Northfield, IL	5,678	175	74.7%
Sharon Hill, PA	5,680	96	3.5%
Montrose-Ghent, OH	5,677	128	28.4%
Ashfield-Colborne-Wawanosh, ON	5,681	n/a
Trenton, MO	5,679	82	17.8%