Cost of Living in Lamar Heights, MO

With a cost of living index of 76, Lamar Heights, MO is a very affordable place to live. Living here is 24% cheaper than the national average and in line with the Missouri state average. Lamar Heights is a small community of 127 residents.

Housing costs are the biggest factor in Lamar Heights's cost of living. The median monthly rent is $754 (43% below the US median of $1,319), and the median home value sits at $260,000 (15% below the national median of $304,900). At current prices, the median home costs roughly 6.7x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Lamar Heights is $38,958, which is 48% lower than the national median of $75,149. Residents spend roughly 23% 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.

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.