Cost of Living in Barnard, MO

With a cost of living index of 46, Barnard, MO is one of the most affordable cities in the country. Living here is 54% cheaper than the national average and 29% below the Missouri state average of 75. Barnard is a small community of 216 residents.

Housing costs are the biggest factor in Barnard's cost of living. The median monthly rent is $327 (75% below the US median of $1,319), and the median home value sits at $63,600 (79% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Barnard is $24,457, which is 67% lower than the national median of $75,149. Residents spend roughly 16% 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.

Everyday prices in the St. Joseph, 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.