Cost of Living in Mineral Point, MO

With a cost of living index of 88, Mineral Point, MO is a very affordable place to live. Living here is 12% cheaper than the national average and 13% above the Missouri state average of 75. Mineral Point is a small community of 383 residents.

The median household income in Mineral Point is $39,087, which is 48% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.