Cost of Living in Licking, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
62.8
100 = national avg
-37.2 vs national average
Living Wage (1 Adult)
$27,622
per year
Living Wage (Family of 4)
$65,288
per year
Cost Index by Category
Housing59.3
Food75.1
Transportation50.2
Healthcare80.1
Utilities76.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$694
per month
2 Bedroom
$888
per month
The overall cost of living index in Licking is 62.8, which is 37.2% below the national average. Housing costs are below the national average at an index of 59.3. A single adult needs to earn approximately $27,622 per year to cover basic expenses.