Understanding the Cost of Living at Lake of the Ozarks

Understanding the Cost of Living at Lake of the Ozarks Featured Image

Photo by Davis Patton on Unsplash

Lake of the Ozarks is a treasured gem in the Midwest because of its beautiful scenery, exciting recreational activities, and many tight-knit neighborhoods.

The area is ideal for water sports fans who want to spend their days on scenic lakes and golfers searching for stunning yet challenging courses. When not relishing the great outdoors, you may explore the place, try different local restaurants, or visit one of the many fishing areas.

It is one of the desirable places in Missouri not just because of its stunning scenery and plenty of fun things to do but also because of the affordable Lake of the Ozarks cost of living, which is a significant factor for many home buyers.

If you plan to move to the area, you can choose from many pleasant residential communities with reasonably priced residences, ideal for all income levels and lifestyle choices.

Also, valuable local services are abundant so you can fulfill your daily errands with ease and convenience.

Read on for an in-depth analysis of the cost of living, advantages, and potential drawbacks of living in the captivating Lake of the Ozarks!

Daily Cost of Living in Lake Ozark, MO

Daily Cost of Living in Lake Ozark, MO

The local cost of living is an essential factor when looking for a new location to call home. It plays a pivotal role in shaping your financial situation and the standard of living you may expect to achieve.

Knowing the current cost of housing, food, transportation, and other necessities and managing your cash flows effectively can help you make sound financial decisions and avoid financial hardship in the long run.

Here is a quick overview of the cost of living index in Lake of the Ozarks compared to Missouri and the USA.

CategoryLake OzarkMissouriUSA
Median Home Cost$321,900$212,300$338,100

The presented table shows the comparative data on the relative affordability of living in Lake Ozark, Missouri, and the United States as a whole.

Lake of the Ozarks has a cost of living index of 93.7, indicating that living in the area is slightly less expensive than other places in the county. However, if you are looking for more affordability, it may be wise to check other locations in the state for a lower cost of living.

Grocery and healthcare are the biggest factors driving up the overall cost of living in Lake of the Ozarks, with a cost of living index of 102.4 and 124.4, respectively. It indicates that residents spend a significant portion of their income on these categories.

However, locals can have savings on other basic necessities such as housing, utilities, transportation, and miscellaneous items. It is important to carefully budget and prioritize basic needs to maximize your finances.

Additionally, taking advantage of local discounts, sales, and promotions can help reduce living costs.

Ultimately, with proper planning and financial management, you can find ways to save on various essential expenses and navigate the challenges of the high cost of grocery and healthcare in the Lake of the Ozarks. If you need help, our team is here to assist you!

Residents enjoy a high quality of life on a budget because of the area’s spectacular natural beauty and pleasant community spirit. Given the relatively affordable Lake of the Ozarks cost of living, households have more disposable money to save, invest, and sustain their chosen lifestyle.

The city also has many convenient facilities and services for its residents and visitors. Lake Ozarks provides everything one might want, from top-notch schools and medical resources to exciting recreational and cultural opportunities.

Lake of the Ozarks is perfect for those who want to settle down and have a family or those hoping to retire in a peaceful setting.

Pros and Cons of Living in Lake Ozarks, MO

Pros and Cons of Living in Lake Ozarks, MO

Photo by Jayden Herr on Unsplash

Living anywhere has benefits and drawbacks, and Lake Ozarks is no exception. For this reason, potential residents should be aware of both its advantages and disadvantages, which are outlined below:

Low Violent Crime Rate

When compared to the national average of 22.7, Lake Ozark’s violent crime rate is significantly lower at 16, which implies that violent crimes, such as murder, battery, robbery, and sexual assault, are less prevalent in the area it is across the country.

However, it is still important to be alert at all times and take necessary precautions to prevent becoming victims of any crime.

Active Outdoor Lifestyle

Lake of the Ozarks offers residents an active outdoor lifestyle. Locals can enjoy boating across the lake, while the area’s fish population attracts anglers.

Residents can also try different recreation pursuits such as water skiing, jet skiing, paddleboarding, and kayaking. This vibrant outdoor environment enhances the quality of life and promotes physical fitness and social interactions across the area.

Friendly Community

Lake Ozarks is a beautiful place, but it’s real appeal lies in the strong sense of community it promotes. The warm, welcoming vibe makes it easy for locals to meet each other and develop deep, meaningful relationships.

Higher Educated People

Lake Ozarks is home to many people who have earned degrees, creating a culture that places a premium on education and learning.

The area prospers from the knowledge and experience of its educated residents, making it an excellent environment for those who put high importance on intellectual growth and academic pursuits.

Higher Educated People

Photo by MD Duran on Unsplash

High Property Crime Rate

Although Lake of the Ozarks has a low violent crime rate, as mentioned earlier, it is important to note that the area’s property crime rate is greater than the national average.

Lake of the Ozarks has a property crime rate of 53.4, higher than the national average of 35.4. Property crimes include theft, burglary, auto theft, and arson.

For this reason, residents should take extra precautions, like installing security systems, utilizing good locks, and keeping an eye on their possessions at all times to safeguard their homes and property in light of the city’s relatively high percentage of property crimes.

Small Population Size

Lake of the Ozarks’ population of 2,194 people is considered modest compared to the rest of the state. Various studies have revealed that small-town economies frequently encounter difficulties compared to larger urban areas.

The lack of various industries and a competitive job market is a significant contributor to the economic difficulties in smaller areas like Lake of the Ozarks. The local economy may struggle to provide diverse employment possibilities and entice investment due to the scarcity of relevant sectors and job prospects.

The lower population density of Lake of the Ozarks may also cause slower development compared to more extensive urban areas in Missouri.

Unpleasant Weather Conditions

During the summer, Lake Ozarks experiences high temperatures and excessive humidity, making outdoor activities uncomfortable.

The combination of heat and humidity can create unpleasant conditions for residents, potentially limiting the enjoyment of outdoor pursuits.

Understanding the Cost of Living at Lake of the Ozarks


The Lake of the Ozarks is an ideal place to call home for many reasons, mainly because of its breathtaking natural splendor, vibrant outdoor lifestyle, and close-knit community.

Despite concerns including property crime, a relatively small population, and unpleasant weather conditions, the area’s affordable cost of living, recreational opportunities, and friendly atmosphere make it a desirable destination to settle down.

Consider making Lake of the Ozarks your home if you aim for a serene and laid-back lifestyle. Explore the possibilities of living in Lake of the Ozarks and take the next step to realize your next forever home in Missouri!

Please feel free to contact one of our market experts if you want to explore your housing options in Lake of the Ozarks. Our team of professional realtors can guide, assist, and give valuable insights on everything you should know about the area.

Call us today at 573-262-8887 or email us at ryan@ryansells.com to get started!

You can also follow us on our social media channels below to receive the latest news and updates about Lake of the Ozarks!

Lake Ozarks, MO

Frequently Asked Questions

Lake of the Ozarks’ cost of living is relatively low, making it a great spot to settle for starting families or those living on a limited income.

Definitely! Lake of the Ozarks is a desirable place to live, especially if you love having a suburban lifestyle yet have access to city amenities and convenience.

The strong sense of community and affordable cost of living also make it an ideal destination for those seeking a balanced and fulfilling lifestyle.

Utilities in Lake of the Ozarks are cheaper than average, with an index of 95.2. This suggests that Lake Ozarks has more reasonably priced utilities than many other American cities.

Locals can expect to pay less for their monthly electricity, water, and other utility services and potentially save money.