Cost of Living in Alma, MO

With a cost of living index of 69, Alma, MO is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 5% below the Missouri state average of 75. Alma is a small community of 466 residents.

Housing costs are the biggest factor in Alma's cost of living. The median monthly rent is $842 (36% below the US median of $1,319), and the median home value sits at $134,900 (56% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Alma is $72,656, which is 3% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Alma. The area sees an average annual temperature of 54°F, with summers averaging 76°F and winters around 31°F. Annual rainfall totals 41.8 inches spread over roughly 106 days.

Everyday prices in the Kansas City, MO-KS (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.