Lake of the Ozarks Cost of Living

How Much is the Cost of Living at Lake of the Ozarks?

Living amid aquamarine waters, stretches of sand, and endless adventures is bliss. It is a one-of-a-kind opportunity that many have to pay a premium for. But that dream becomes more attainable and lighter on the pocket at Lake of the Ozarks. It is a magnificent reservoir in central Missouri, spanning 55,000 acres with over 1,150 miles of shoreline. This remarkable body of water was initially constructed for hydroelectric power generation. However, due to its scenic beauty, it has evolved into a popular tourist destination in the Midwest. Being a tourist magnet often translates to everything expensive. Surprisingly, the cost of living in Lake of the Ozarks is 6.3% lower than the U.S. average. Waterfront homes and luxury properties tend to be more pricey, but the inland and suburban areas offer more budget-friendly options resulting in an average of just $321,900. Utilities and transportation are also cheaper, making commuting more affordable. Food costs are a tad higher at 102.4 (vs. 100) but largely depend on personal consumption. Lake of the Ozarks lets you enjoy a quality lifestyle by the waters without breaking the bank.


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Top Communities to Live the Lake Life And Their Costs

Millions visit the reservoir annually, resulting in many vacation dwellings along the edge. You can also be one of the thousands who chose this area as home if you want to live in a community that offers the perfect blend of natural beauty and waterfront access. Million-dollar luxurious estates commanding dramatic views from every corner are available at the communities of Lake Ozark, Camdenton, Sunrise Beach, Village of Four Seasons, Porto Cima, The Villages at Shawnee Bend, and more. They typically have direct cove and beach access and seawall protection. The areas of Eldon, Kaiser, Roach, Gravois Mills, and Linn Creek also showcase lakefront properties, but the majority are inland houses that can start from $125,000. They are perfect for families or individuals who want a serene setting while still accessible to major road networks, shops, restaurants, and entertainment venues. Nevertheless, these communities offer endless water thrills providing the ultimate lakeside life.


The Upsides and Downsides of Lake Ozarks Living

Despite being in a paradise, like any living destination, there are advantages and drawbacks to think about. Lake of the Ozarks’ charm is undeniable. The calm waters, lush green forests, and rolling hills create a picturesque backdrop for daily living. Residents can savor a slower pace, focusing on relaxation and enjoying the raw beauty. It is also a haven for outdoor pursuits like boating, fishing, water sports, hiking, or relaxing on the shores. And since it is on the bucket list of many tourists, restaurants, marinas, golf courses, and entertainment venues dot the landscape providing endless things to do. But the significant number of visitors also means increased traffic, crowded public areas, and longer wait times at popular attractions. You must also remember that living near a large body of water can come with weather-related challenges like storms and heavy rains. Aside from that, smaller communities often have less ethnic and cultural diversity than more urban areas. According to, the 2023 population is just 2,194. Meeting new people and expanding social circles may require more effort.


Read more about the cost of living in Lake of the Ozarks at, where we have further broken down the standard expenses in the area.