Cost of Living in Jefferson city, MO
Housing
The housing market plays a significant role in determining the cost of living in Jefferson city, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $215,000
- Average Rent (2 BR Apartment): $874 per month
- Average Rent (2 BR House): $950 per month
In assessing the housing landscape of Jefferson city, MO, the housing index stands at 85.0, indicating a relatively affordable market. The median home price of 215000 contrasts favorably with the average rent for a 2-bedroom apartment at 874 and for a house at 950. This suggests that purchasing a home may be more cost-effective than renting, especially in this vibrant community where local amenities continue to attract new residents. Keep in mind that purchasing can build equity over time, potentially offering a greater long-term financial payoff.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Jefferson city, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $234 per month
Living in Jefferson city, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $234 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Jefferson city is a financially viable option for your relocation.