Cost of Living in Altamont, MO
Population: 150 | Missouri
Altamont is 17% less expensive than the national average.
Cost of Living in Altamont, MO: What You Need to Know
With a cost of living index of 83, Altamont, MO is a very affordable place to live. Living here is 17% cheaper than the national average and 8% above the Missouri state average of 75. Altamont is a small community of 150 residents.
The median household income in Altamont is $41,250, which is 45% lower than the national median of $75,149. Residents spend roughly 25% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Climate is another factor for anyone considering a move to Altamont. The area sees an average annual temperature of 53.8°F, with summers averaging 76°F and winters around 31°F. Annual rainfall totals 40.3 inches spread over roughly 112 days.
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.
Income
- Median Household Income
- $41,250
- vs US Median ($75,149)
- -45%
Housing
- Median Rent
- $850/mo
Climate in Altamont
NOAA 30-year normals (1991-2020)
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 37 | 42 | 54 | 66 | 75 | 84 | 88 | 86 | 79 | 67 | 53 | 41 |
| Avg °F | 27 | 32 | 43 | 54 | 64 | 74 | 78 | 76 | 67 | 56 | 43 | 32 |
| Low °F | 18 | 22 | 33 | 43 | 54 | 64 | 67 | 65 | 56 | 44 | 32 | 23 |
| Rain" | 1.3 | 1.6 | 2.8 | 3.8 | 5.4 | 5.3 | 4.1 | 4.8 | 3.8 | 3.3 | 2.4 | 1.7 |