St. Louis, Missouri, is often considered a reasonably priced city to live in, with a relatively low cost of living compared to other major metropolitan areas in the United States. However, as with any city, the cost of living can vary depending on factors such as housing, food, and transportation.
In this article, we’ll take a closer look at the cost of living in St. Louis, breaking down expenses in these key areas and discussing what it costs to live comfortably in the city. Whether you’re considering moving to St. Louis or just curious about the cost of living in the area, this article will provide a comprehensive overview of what you can expect to pay for essential expenses.
A Closer Look at Housing Costs: Renting vs. Buying in St. Louis
The St. Louis metropolitan area is a city that offers big-city amenities at a relatively low cost. With a population of 2,806,615, the metro area is home to a variety of major league sports teams, three nationally recognized research universities, and an impressive roster of corporate headquarters, including seven Fortune 500 companies.
These companies, such as Centene, Post Holdings, and Emerson Electric, help drive the local economy and boost the median household income to $70,189. Additionally, the city is home to renowned cultural institutions like an internationally known symphony orchestra. Despite the presence of these major employers and cultural attractions, the average apartment rent in the area is $1,001, making it more affordable than in many other cities.

Despite the relatively low cost of renting in the St. Louis metro area, buying a home in the city can be even more affordable. The average home sale price in St. Louis is currently below $200,000, making it a more cost-effective option for those looking to establish roots in the area. Additionally, with the current market conditions and attractive mortgage rates, now may be a good time to consider buying a home in St. Louis.
As the market shifts towards more “normal” conditions, buyers may have more negotiating power and may be able to find a home that fits their budget and needs. Furthermore, owning a home can provide long-term financial benefits, such as building equity and potentially seeing appreciation in the value of the home over time. In comparison, renting a property can be considered as “throwing money away” as you will not have any equity and all the money will go to the landlord.
Affordable options for food: Grocery prices and dining out in St. Louis
When it comes to food expenses, St. Louis offers a variety of options for residents to choose from. Grocery prices in St. Louis can vary depending on the store and location, but a basic basket of groceries for a family of four can cost around $150 to $200 per week, which is on par with the national average. Prices for fresh fruits and vegetables can vary depending on the season and availability but generally remain affordable.
Eating out in St. Louis can also be a budget-friendly option, with a wide range of options available to suit different budgets and preferences. A meal at a casual restaurant can cost around $15 to $20, while a meal at a mid-range restaurant can cost around $30 to $40. Prices at fine dining establishments can vary widely, but a three-course meal for two people can typically cost around $100 to $150.
Overall, the cost of food in St. Louis is generally considered to be affordable, with a wide range of options available to suit different budgets and preferences. Whether you prefer to cook at home or enjoy dining out, the city offers a variety of options for food expenses.
Getting around St. Louis: Transportation costs and options
When it comes to transportation, St. Louis offers a variety of options for residents to choose from. The cost of owning and maintaining a car in the city is relatively low, and public transportation options are also available.
The cost of owning and maintaining a car in St. Louis can vary depending on factors such as the make and model of the car, fuel costs, and insurance rates. However, on average, owning a car in St. Louis can cost around $8,000 to $10,000 per year. This includes expenses such as fuel, insurance, repairs, and maintenance.

For those who prefer not to own a car, public transportation options are also available in St. Louis. The city’s metro system, known as Metro, offers bus and light rail service throughout the metropolitan area, making it easy for residents to get around without a car. A one-way fare on Metro is $2.50, and monthly passes are also available for $78.00. There are also ride-sharing services like Uber and Lyft available in St. Louis, which can be a convenient and cost-effective option for getting around the city.
Other Expenses: Utilities, Taxes, and Insurance in St. Louis
When it comes to other expenses in St. Louis, residents can expect to pay for utilities, taxes, and insurance. These expenses can vary depending on factors such as the size of the home or apartment, energy usage, and insurance coverage.
Utility costs in St. Louis can vary depending on factors such as the size of the home, energy usage, and the provider. However, on average, residents can expect to pay around $150 to $800+ per month for utilities such as electricity, gas, water, and internet.
Property taxes in St. Louis can also vary depending on the value of the property and the location. The city has a property tax rate of 1.5%, which is below the national average. However, property taxes can still be a significant expense for homeowners, with the average property tax bill in the city being around $2,500 per year.
Insurance costs in St. Louis can vary depending on factors such as the type of coverage, the value of the property, and the location. However, on average, residents can expect to pay around $1,500 to $2,500 per year for insurance on their home or apartment.
Wrapping UP: Cost of Living in St. Louis
In conclusion, the cost of living in St. Louis is generally considered to be affordable, with options for housing, food, transportation, and other expenses available at a relatively low cost. The city has a variety of options for those who prefer to buy or rent a home, and the cost of food and transportation are also relatively low. Additionally, St. Louis has a strong economy with a variety of job opportunities and cultural attractions, making it an attractive place to live.
However, it’s important to keep in mind that costs can vary depending on personal circumstances and usage, so it’s worth researching and shopping around to find the best rates and deals.