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What does a Taxi Drivers salary really buy you in Missouri?
Missouri is 8.9% cheaper than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
Missouri's Regional Price Parity (RPP) is 91.1, meaning prices are 8.9% lower the national average. A Taxi Drivers earning $37,560 in Missouri has the equivalent purchasing power of $41,229 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for Missouri's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $28,600 | $31,394 | +$2,794 |
| 25th Percentile (P25) | $32,830 | $36,037 | +$3,207 |
| Median (P50) | $37,560 | $41,229 | +$3,669 |
| 75th Percentile (P75) | $38,020 | $41,734 | +$3,714 |
| 90th Percentile (P90) | $38,020 | $41,734 | +$3,714 |
A Taxi Drivers in Missouri earns $37,560 on paper, but low living costs mean your money goes 10% further — like earning $41,229 in an average-cost state. This makes Missouri one of the best value states for this occupation.
Missouri's Regional Price Parity (RPP) of 91.1 means a basket of goods and services costs about 8.9% less than the national average. For a Taxi Drivers, every dollar earned effectively buys more here than in a 100-RPP state.
After applying Missouri's RPP, the $37,560 median salary translates to $41,229 in real terms — a 9.8% gain. That difference can cover several months of expenses over a year for a Taxi Drivers.
Ranked on COL-adjusted median pay for Taxi Drivers, Missouri places #4 of 24 states — top quartile. Either nominal wages run high, cost of living runs low, or both.
Where does Taxi Drivers salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
Missouri ranks #4 out of 24 states for Taxi Drivers after cost-of-living adjustment.
How much do you actually take home? See Taxi Drivers take-home pay in Missouri after taxes →
A Taxi Drivers in Missouri earns a median salary of $37,560 per year. After adjusting for Missouri's cost of living (RPP=91.1), the real purchasing power is $41,229 — a +9.8% difference.
Missouri's cost of living is 8.9% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for Missouri is 91.1 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Taxi Drivers in Missouri: $37,560 x (100 / 91.1) = $41,229. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Taxi Drivers in Missouri enjoys 9.8% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.
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