Retirement Lists

Cost of Living in Farmington, Missouri

Farmington, Missouri
Photo by Paul Sableman from St. Louis, MO via Wikimedia Commons, CC BY 2.0

Farmington costs

A smaller-city budget needs the actual home, utilities, vehicle, and regional care visible

The catalog's 2024 ACS gross-rent anchors are $752 for one bedroom and $883 for two bedrooms, with a modeled local monthly estimate of $2,796. Add utilities, heating, cooling, insurance, maintenance, vehicle costs, fuel, groceries, prescriptions, Parkland care, and regional referrals.

Request recent utility history, rent or tax terms, roof and basement records, drainage, insurance, internet, tree work, and the cost of a typical hospital and grocery loop. A lower housing figure can be offset by property work or regional travel.

Planning a monthly budget

A local monthly estimate of $2,796 gives you the starting point, with transportation taking the largest share.

Housing
$752
Utilities (in rent)
$224
Food
$472/mo
Transportation
$1,077/mo
Healthcare
$495

Utilities are included in housing so they are not added twice. The separate Utilities row is a reference estimate.

How the total can change

A traveler style stay, a couple household, and long term rent answer different planning questions.

Comfortable Living
$3,830

Very Good

Cost of Living for Couple
$4,205

Very Good

Typical 1BR Rent
$752

Excellent

Everyday expenses

Dining, transportation, taxes, and car needs can change how the monthly budget feels.

Dining Out
$230/mo

Very Good

Need for a Car
Required
Property Taxes
Low

Good

Overall Feel
Good
Residents 65+ Below Poverty Level
11.9%
65+ Householder — Renter Occupied
34.4%
65+ Households With High Housing Costs
34.5%
Median Household Income, Householder 65+
$38,365

Could Farmington fit your monthly retirement budget?

Compare your monthly budget with a city estimate. Add your expected housing amount when you have a more useful number.

Housing

Enter your expected rent and required housing charges, or leave this blank to use the current renter amount.

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Starting renter estimates

Use these broad monthly estimates as a starting point, then replace them with costs you know.

One person
$2,796 per month
Two people
$4,205 per month

One-person estimate breakdown

Housing
$752
Food
$472
Transportation
$1,077
Healthcare
$495

Taxes, debt, insurance, out-of-pocket care, travel, and one-time moving costs may not be included.

Farmington in everyday life

Could Farmington work for you?

What may work well

  • The catalog supplies clear planning rent anchors for the city.
  • Parkland, parks, bikeways, downtown, and city services provide identifiable household resources.

What to think about

  • Utilities, maintenance, vehicle use, regional care, weather, and property conditions can change the total substantially.
  • A home outside the center may add driving, road, phone, power, and service costs.

Price a Farmington household

  1. Compare several addresses

    Keep housing, utilities, insurance, heating, cooling, repairs, trees, internet, vehicle, and service distance visible.

  2. Map recurring care

    Price Parkland, pharmacy, groceries, specialists, referrals, fuel, parking, and weather routes.

  3. Reserve for storms and repairs

    Keep room for roof, drainage, basement, trees, power, phone, cooling, heating, insurance, and a ride after difficult weather or care.

Questions retirees ask

Are $752 and $883 the full Farmington budget?

No. They are the catalog's 2024 ACS one-bedroom and two-bedroom gross-rent anchors. Add utilities, insurance, maintenance, vehicles, care, groceries, and regional travel.

Why do Farmington homes have different budgets?

Housing, utilities, heating, cooling, drainage, basement, trees, insurance, vehicle use, and care distance vary by address.

Farmington affordability depends on the actual home, utilities, property work, vehicle plan, local care, regional referrals, and weekly services.

Sources

The budget value gives a starting point for everyday spending. Housing, healthcare, safety, and climate can change what feels comfortable for a household.

Housing mix, exchange rates, healthcare needs, car ownership, and travel style can move a real monthly budget materially.

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How this city research is made

Retirement Lists uses documented public sources and methods to research, review, and correct city information. Read our Editorial Policy.