Cost of Living in Cole Camp, MO

With a cost of living index of 67, Cole Camp, MO is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 7% below the Missouri state average of 75. Cole Camp is a small community of 1,327 residents.

Housing costs are the biggest factor in Cole Camp's cost of living. The median monthly rent is $774 (41% below the US median of $1,319), and the median home value sits at $143,500 (53% below the national median of $304,900). At current prices, the median home costs roughly 4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Cole Camp is $35,547, which is 53% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.