Cost of living in Joplin research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Joplin is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Joplin is 82, with 100 being the average.
The cost of living index in Joplin is 0.8x lower than the national average.
Joplin ranks as the #16 cheapest in Missouri out of 143.
Joplin ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Joplin is $129,100.
The median income in Joplin is $46,849.
According to the most recent data on the cost of living, Joplin has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Missouri, Joplin has a cost of living index that's 0.9x lower than Missouri's index of 89.
The standard of living in Joplin ranks as #16 most affordable out of the 143 places we measured in Missouri. By definition, that implies Joplin ranks as the #127 most expensive place in the Show Me State.
For more reading on life in Joplin, check out:
Six factors go into calculating the cost of living index in Joplin. Here is how it fairs on each of the criteria:
The Services index in Joplin is 86.
The Groceries index in Joplin is 91.
The Health index in Joplin is 91.
The Housing index in Joplin is 67.
The Transportation index in Joplin is 89.
The Utilities index in Joplin is 104.
Living Expense | Joplin | Missouri | National Average | |
---|---|---|---|---|
Overall | 82 | 89 | 100 | |
Services | 86 | 92 | 100 | |
Groceries | 91 | 96 | 100 | |
Health | 91 | 88 | 100 | |
Housing | 67 | 79 | 100 | |
Transportation | 89 | 95 | 100 | |
Utilities | 104 | 95 | 100 |
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Joplin is $129,100.
The Median Rent in Joplin is $817.
The Median Income in Joplin is $46,849.
The Home Value To Income in Joplin is 2.8x.
The Rent To Monthly Income in Joplin is 0.21x.
Statistic | Joplin | Missouri | United States |
---|---|---|---|
Median Home Value | $129,100 | $171,800 | $244,900 |
Median Rent | $817 | $886 | $1,163 |
Median Income | $46,849 | $61,043 | $69,021 |
Home Value To Income | 2.8x | 2.8x | 3.5x |
Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Joplin. Here's a quick look at the cost of living in the most populous nearby places:
Carthage, MO has a cost of living index of 78, 1.0x Joplin.
Neosho, MO has a cost of living index of 77, 0.9x Joplin.
Carl Junction, MO has a cost of living index of 88, 1.1x Joplin.
City | Population | Cost Of Living | Vs. Joplin |
---|---|---|---|
Carthage, MO | 15,395 | 78 | 1.0x |
Neosho, MO | 12,439 | 77 | 0.9x |
Carl Junction, MO | 8,099 | 88 | 1.1x |