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Cost of Living in Anderson, MO

Population: 2,415 | Missouri

62
Cost of Living Index
US Average = 100

Anderson is 38% less expensive than the national average.

56
Housing
32
Home Values
91
Regional Price

Cost of Living in Anderson, MO: What You Need to Know

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.

Income

Median Household Income
$51,875
vs US Median ($75,149)
-31%

Housing

Median Rent
$732/mo
Median Home Value
$97,900
Median Monthly Housing Cost
$688/mo

Climate in Anderson

NOAA 30-year normals (1991-2020)

58.6°F
Avg Temperature
45.4"
Rainfall / Year
107d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 48 52 61 70 77 86 90 90 82 72 60 50
Avg °F 37 41 50 58 66 75 79 79 71 59 49 40
Low °F 27 30 38 46 55 64 69 67 59 47 37 29
Rain" 2.5 2.2 3.5 5.0 5.9 4.3 4.2 3.3 3.9 4.0 3.7 2.9

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