Cost of Living in Matthews, MO
Housing
The housing market plays a significant role in determining the cost of living in Matthews, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $143,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
Considering the data for Matthews, MO, the home affordability appears favorable. With a housing index of 89.1, the median home price of 143000 seems quite reasonable, particularly when compared to national averages. Additionally, rental options are also accessible, with average rents for a 2BR apartment at 1340 and a house at 1457. This suggests a balanced market, ideal for families and individuals alike. However, keep an eye on local employment trends and amenities, as these can significantly impact long-term satisfaction in your new home.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Matthews, 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 Matthews, 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 Matthews is a financially viable option for your relocation.