Cost of Living in Fenton, MO

With a cost of living index of 111, Fenton, MO is somewhat more expensive than average. Living here is 11% more expensive than the national average and 36% above the Missouri state average of 75. Fenton is a small community of 4,087 residents.

Housing costs are the biggest factor in Fenton's cost of living. The median monthly rent is $1,581 (20% above the US median of $1,319), and the median home value sits at $362,800 (19% above the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Fenton is $97,991, which is 30% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Everyday prices in the St. Louis, MO-IL (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.