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2024 BEA RPP All 4 categories Federal source

Joplin, MO-KS

Cost-of-living indicators for Joplin, MO-KS, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 27900 · Data year: 2024 · Rank: #374 of 387

Joplin, MO-KS has a cost of living index of 85.7, meaning it's 14.3% less expensive than the national average. Goods cost 5.8% less, services 14.1% less, and rents are 46.0% below average. A $100K national salary has the purchasing power of $116,662 here.

What the Numbers Mean for Joplin

Joplin ranks #374 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the bottom quartile for cost. With an overall Regional Price Parity of 85.7, Joplin, MO-KS is 14.3% less expensive than the national baseline of 100. The gap between Joplin's most and least expensive categories — the priciest line item versus rents at 54.0 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $116,662 inside Joplin, while a household needs roughly $85,718 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 54.0 — 46.0% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Joplin's overall index has fallen by 4.3 points, improving relative affordability. For the 2024 data year, goods are indexed at 94.2 and services at 85.9, meaning everyday spending in Joplin is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Joplin Cost Index at a Glance

Joplin all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10085.7

Joplin category breakdown

BEA RPP composition by goods, services, rents, overall

Rents53.976Services85.872Goods94.179Overall85.718

Price Index Summary

Overall

85.7

-14.3 below avg

Goods

94.2

-5.8 below avg

Services

85.9

-14.1 below avg

Rents

54.0

-46.0 below avg

Price Index vs National Average (100)

Overall
National avg

Index 85.7 (-14.3 vs national avg)

Goods
National avg

Index 94.2 (-5.8 vs national avg)

Services
National avg

Index 85.9 (-14.1 vs national avg)

Rents
National avg

Index 54.0 (-46.0 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -46.0% (54.0)
Overall -14.3% (85.7)
Services -14.1% (85.9)
Goods -5.8% (94.2)

Income Adequacy in Joplin

Joplin income adequacy score

$75,000 median income vs RPP 85.7

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$85,718

in Joplin, MO-KS purchasing power

$50,000 nationally
$42,859
$75,000 nationally
$64,289
$125,000 nationally
$107,148
$150,000 nationally
$128,577
$200,000 nationally
$171,436

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 4.3 points over this period.

Year Overall
2008 90.0
2009 89.3
2010 89.3
2011 89.6
2012 90.0
2013 90.1
2014 89.9
2015 89.4
2016 88.4
2017 87.4
2018 87.6
2019 89.2
2020 87.9
2021 87.8
2022 84.7
2023 85.2
2024 85.7

Metros with Similar Cost of Living

These metros have an overall RPP closest to Joplin, MO-KS's index of 85.7.

Related Data for Joplin

Frequently Asked Questions

What is the cost of living in Joplin, MO-KS?
Joplin, MO-KS has a Regional Price Parity (RPP) index of 85.7, meaning it is 14.3% less expensive than the national average. Goods are indexed at 94.2, services at 85.9, and rents at 54.0. It ranks #374 out of 387 U.S. metro areas by overall cost.
What salary do I need in Joplin, MO-KS to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $85,718 in Joplin, MO-KS. Conversely, $100K earned in Joplin, MO-KS has the purchasing power of $116,662 at the national average.
How expensive is rent in Joplin, MO-KS?
Rents in Joplin, MO-KS are indexed at 54.0, which is 46.0% below the national average. This makes the area relatively affordable for renters.
Is Joplin, MO-KS getting more expensive?
From 2008 to 2024, Joplin, MO-KS's overall cost index changed by -4.3 points (from 90.0 to 85.7). The cost of living has been declining.
What metros have a similar cost of living to Joplin, MO-KS?
Metros with the most similar overall cost index include Hot Springs, Alexandria, Gadsden. These areas have RPP values within a few points of Joplin, MO-KS's 85.7.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page