Cost of living in Republic 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 Republic 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 Republic is 87, with 100 being the average.
The cost of living index in Republic is 0.9x lower than the national average.
Republic ranks as the #55 cheapest in Missouri out of 143.
Republic ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Republic is $141,000.
The median income in Republic is $58,972.
According to the most recent data on the cost of living, Republic has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Missouri, Republic has a cost of living index that's 1.0x lower than Missouri's index of 89.
The standard of living in Republic ranks as #55 most affordable out of the 143 places we measured in Missouri. By definition, that implies Republic ranks as the #88 most expensive place in the Show Me State.
For more reading on life in Republic, check out:
Six factors go into calculating the cost of living index in Republic. Here is how it fairs on each of the criteria:
The Services index in Republic is 95.
The Groceries index in Republic is 104.
The Health index in Republic is 100.
The Housing index in Republic is 72.
The Transportation index in Republic is 88.
The Utilities index in Republic is 87.
Living Expense | Republic | Missouri | National Average | |
---|---|---|---|---|
Overall | 87 | 89 | 100 | |
Services | 95 | 92 | 100 | |
Groceries | 104 | 96 | 100 | |
Health | 100 | 88 | 100 | |
Housing | 72 | 79 | 100 | |
Transportation | 88 | 95 | 100 | |
Utilities | 87 | 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 Republic is $141,000.
The Median Rent in Republic is $930.
The Median Income in Republic is $58,972.
The Home Value To Income in Republic is 2.4x.
The Rent To Monthly Income in Republic is 0.19x.
Statistic | Republic | Missouri | United States |
---|---|---|---|
Median Home Value | $141,000 | $171,800 | $244,900 |
Median Rent | $930 | $886 | $1,163 |
Median Income | $58,972 | $61,043 | $69,021 |
Home Value To Income | 2.4x | 2.8x | 3.5x |
Rent To Monthly Income | 0.19x | 0.17x | 0.2x |
The cost of living varies in the cities and towns around Republic. Here's a quick look at the cost of living in the most populous nearby places:
Springfield, MO has a cost of living index of 84, 1.0x Republic.
Nixa, MO has a cost of living index of 89, 1.0x Republic.
Ozark, MO has a cost of living index of 92, 1.1x Republic.
City | Population | Cost Of Living | Vs. Republic |
---|---|---|---|
Springfield, MO | 168,603 | 84 | 1.0x |
Nixa, MO | 22,925 | 89 | 1.0x |
Ozark, MO | 20,874 | 92 | 1.1x |
Willard, MO | 6,233 | 86 | 1.0x |
Battlefield, MO | 5,957 | 92 | 1.1x |