Cost of Living in Alton, MO

With a cost of living index of 60, Alton, MO is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 15% below the Missouri state average of 75. Alton is a small community of 647 residents.

Housing costs are the biggest factor in Alton's cost of living. The median monthly rent is $594 (55% below the US median of $1,319), and the median home value sits at $117,100 (62% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Alton is $47,606, which is 37% lower than the national median of $75,149. Residents spend roughly 15% 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 Alton. The area sees an average annual temperature of 57°F, with summers averaging 76°F and winters around 37°F. Annual rainfall totals 47.3 inches spread over roughly 119 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.