Cost of Living in Purdin, MO

With a cost of living index of 45, Purdin, MO is one of the most affordable cities in the country. Living here is 55% cheaper than the national average and 30% below the Missouri state average of 75. Purdin is a small community of 75 residents.

Housing costs are the biggest factor in Purdin's cost of living. The median monthly rent is $286 (78% below the US median of $1,319), and the median home value sits at $48,300 (84% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Purdin is $21,250, which is 72% lower than the national median of $75,149. Residents spend roughly 16% 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.