Cost of Living in Andrew County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Andrew County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Andrew County ranks #1,208 of 3,144 counties for affordability (top 38%)
Data Story
About Cost of Living in Andrew County, Missouri
Andrew punches above Missouri's affordability weight
Andrew County's 15.3% rent-to-income ratio beats Missouri's state average of 15.6% and sits well below the national norm, thanks to an above-average median household income of $74,007. The county ranks as one of Missouri's better-positioned communities for housing affordability relative to earnings.
Among Missouri's most affordable counties
Andrew County stands in the top tier of Missouri for housing affordability, with a rent-to-income ratio below the state average and household incomes matching the national median. This favorable combination makes Andrew one of the state's sweet spots for both renters and homeowners.
Andrew's higher incomes offset higher rents
At $944 monthly, Andrew's median rent runs above neighbors like Adair ($782) and the state average ($768), yet the county's strong median income of $74,007 keeps the rent burden reasonable. Residents here earn substantially more than their rural Missouri neighbors, enabling them to absorb higher housing costs.
Strong earnings support Andrew's housing market
Renters pay $944 monthly while homeowners invest $879, with median home values reaching $196,200—the highest among these eight counties. The $74,007 median household income means housing represents a manageable 15% of gross earnings, leaving ample resources for other expenses.
Andrew offers stability for seekers of balance
If you're relocating with a solid income (around $75,000+), Andrew delivers housing costs aligned with your earnings and homes appreciating steadily in value. This county rewards employed professionals seeking a stable, affordable Midwest base without sacrificing community amenities.
Cost of Living Advisory: Andrew County
Affordability Verdict
Housing in Andrew County is affordable. The median rent is $944/month against a median household income of $74,007, putting rent at 15.3% of income.
Rent vs. Own
At $944/month rent versus $879/month in owner costs, owning is roughly $65/month cheaper — a 7% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,760/year. For owner costs at the 28% rule, the required income is roughly $37,671/year. With a median household income of $74,007, most households can comfortably afford rent here. Notably, 24.0% of renter households in Andrew County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Stone County where rent averages $892/month, Andrew County is approximately 6% more expensive.
Affordability Calculator
See how your income compares to housing costs in Andrew County
Rent Burden
15.3%
of gross income
Max Housing (28% Rule)
$1,727
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Andrew County
Median home value is $196,200. Estimated monthly cost: $1,566 vs. your max of $1,727.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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