Cost of Living in Mexico, MO
Housing
The housing market plays a significant role in determining the cost of living in Mexico, MO.
- Housing Index: 89.1 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1340 per month
- Average Rent (2 BR House): $1457 per month
Considering the housing situation in Mexico, MO, the current housing index stands at 89.1, indicating affordability relative to the national average. With a median home price of 180000 and average rent for a 2-bedroom apartment at 1340, this area presents cost-effective options for buyers and renters alike. For those interested in renting a house, the average cost is 1457. Additionally, it is essential to note local amenities and lifestyle factors which can significantly influence your decision-making process when considering relocation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mexico, 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 Mexico, 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 Mexico is a financially viable option for your relocation.