When it comes to affordability, St. Louis stands out as a cost-effective choice among U.S. cities. Residents get all the benefits of living in a modern city with a more affordable lifestyle. This post will explore the cost of living in St. Louis compared to other major cities.
Downtown St. Louis Real Estate Market Watch
As of September 2024, the average number of days to sell a home in Downtown St. Louis was 65. St. Louis real estate trends change constantly. Contact St. Louis Premier Lofts if you need to buy or sell a condo in the St. Louis area.
Comparing the Cost of Living in St Louis
Housing Costs
Housing costs are a significant factor that makes St. Louis affordable. As of mid-2024, the median home price in St. Louis was approximately $225,000. The average monthly rent for a two-bedroom unit was around $1,020. In contrast, cities like Chicago and New York see significantly higher housing costs. For instance, Chicago’s median home price is roughly $350,000, and a one-bedroom rental averages $2,200 monthly. In New York, the figures skyrocket, with median home prices nearing $700,000 and average rent exceeding $3,500 for a one-bedroom.
This substantial difference means living in St. Louis can free up more of your budget for other expenses or savings.
Utilities and Transportation
St. Louis’s utility costs tend to align with the national average, including expenses like electricity, water, and internet. Residents can expect to pay about $204 per month for basic utilities in a standard apartment. In comparison, cities like San Francisco see utility bills climb above $250.
Transportation costs also contribute to St. Louis’s affordable living. The city is well-known for its manageable traffic and affordable public transit. Typical monthly public transportation pass costs are around $78. That is considerably cheaper than in cities like Los Angeles, where similar services cost over $100 monthly.
Groceries and Dining Out
St. Louis offers favorable grocery and dining out costs compared to other major cities. The average cost of groceries is roughly 10% lower than the national average, making day-to-day living more affordable. Dining out is also relatively inexpensive, with the average cost of a meal at a mid-range restaurant around $15-25.
Local farmers’ markets and food festivals provide affordable ways to enjoy high-quality food without breaking the bank. If you’re a foodie on a budget, St. Louis’s thriving culinary scene offers a variety of affordable options.
Healthcare and Miscellaneous Costs
Healthcare costs in St. Louis are generally lower than in cities such as Miami or Denver. Routine visits, prescription drugs, and medical procedures tend to be more affordable. Miscellaneous costs, including entertainment and fitness, also come at lower rates. Gym memberships average around $30-40 per month, and movie tickets average around $12.
St. Louis offers a cost-effective lifestyle without sacrificing amenities or quality of life. This is part of what makes St. Louis a great place to live. But there’s more to it than affordability. It also has a unique culture, a strong job market, and a rich history.
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