Cost of Living in Lake Ozark, MO

With a cost of living index of 88, Lake Ozark, MO is a very affordable place to live. Living here is 12% cheaper than the national average and 14% above the Missouri state average of 75. Lake Ozark is a small community of 2,451 residents.

Housing costs are the biggest factor in Lake Ozark's cost of living. The median monthly rent is $1,017 (23% below the US median of $1,319), and the median home value sits at $308,700 (1% above the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lake Ozark is $80,476, which is 7% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.