Cost of Living in Anderson, MO

With a cost of living index of 62, Anderson, MO is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 12% below the Missouri state average of 75. Anderson is a small community of 2,415 residents.

Housing costs are the biggest factor in Anderson's cost of living. The median monthly rent is $732 (45% below the US median of $1,319), and the median home value sits at $97,900 (68% 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 Anderson is $51,875, which is 31% lower than the national median of $75,149. Residents spend roughly 17% 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 Anderson. The area sees an average annual temperature of 58.6°F, with summers averaging 78°F and winters around 39°F. Annual rainfall totals 45.4 inches spread over roughly 107 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.