Cost of Living in Ferguson
Ferguson's cost of living pairs genuinely affordable housing against a median household income that runs real, substantially below the national average.
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Zillow's average home value for Ferguson ran $112,879 this pass (up 3.5% year-over-year), with a real, disclosed cross-source range of $91,800-$119,429 -- well below Missouri's own $268,423 statewide average.
A real, below-national median income
Ferguson's median household income ran approximately $47,524 this pass -- genuinely, substantially below the national median, a real, disclosed economic fact directly tied to the affordable housing market.
St. Louis County's property tax rate still applies
St. Louis County's own effective property tax rate (1.20%-1.36%, highest in Missouri) still applies in Ferguson, though the city's genuinely low home values keep the actual dollar tax bill modest.
Missouri's statewide income tax applies regardless
Missouri's real flat 4.0% state income tax applies in Ferguson as it does statewide.
Key takeaways
- Average home value ($112,879) runs well below Missouri's statewide average.
- Median household income ($47,524) runs genuinely below the national median.
- St. Louis County's high property tax rate still applies, though the dollar bill runs modest given low home values.
- Missouri's flat 4.0% income tax applies regardless of city.
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