As housing costs rise in St. Louis, many are worried about the price of owning or renting a home. However, a recent Gallup poll reveals that 41% of Americans now rank inflation and the high cost of living as their top financial concern, far outpacing housing costs, which are the main issue for 14%. A Gallup spokesperson noted, “For the third year in a row, the percentage of Americans naming inflation or the high cost of living as the most important financial problem facing their family has reached a new high.”
Despite these concerns, the St. Louis metro area remains one of the most affordable housing markets compared to other major cities. A report from Demographia International for the third quarter of 2023 ranked St. Louis third in the world for housing affordability.
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