Cost of Living in Redings Mill, MO

With a cost of living index of 75, Redings Mill, MO is a very affordable place to live. Living here is 25% cheaper than the national average and in line with the Missouri state average. Redings Mill is a small community of 107 residents.

The median household income in Redings Mill is $78,250, which is 4% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Joplin, MO-KS (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.