Cost of Living in Novelty, MO
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
88.7
100 = national avg
-11.3 vs national average
Living Wage (1 Adult)
$39,029
per year
Living Wage (Family of 4)
$92,250
per year
Cost Index by Category
Housing36.4
Food113.8
Transportation127.5
Healthcare111.0
Utilities95.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$677
per month
2 Bedroom
$888
per month
The overall cost of living index in Novelty is 88.7, which is 11.3% below the national average. Housing costs are below the national average at an index of 36.4. A single adult needs to earn approximately $39,029 per year to cover basic expenses.