Cost of Living in Boone County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #2,487 of 3,142 counties for affordability (bottom 21%)
Sourced county brief
Boone County Median Gross Rent Reaches $1,088 Per Month
Median gross rent in Boone County was estimated at $1,088 per month during the 2020-2024 period, which is $305 higher than the Missouri unweighted county mean of $783. The official Gross Rent as a Percentage of Household Income (GRAPI) was 29.5%, exceeding the state unweighted county mean of 25.9% by 3.6 percentage points. The median home value in Boone County was $272,800, while the state unweighted county mean was $175,712. Median selected monthly owner costs for all owner-occupied units were $1,181 per month, which is above the state unweighted county mean of $803. Renter households in the county had a median income of $42,254. All provided statistics are sourced from the American Community Survey 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.5% of renter household income in Boone County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,088 per month; median selected monthly owner costs are $1,181. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $43,520 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Missouri unweighted mean of county median rents is $783 per month. Boone County's $1,088 median is 39.0% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$1,698
per month
Owner Cost Burden
19.5%
of gross income
The median home in Boone County may be a stretch
Median home value is $272,800. Estimated monthly cost: $2,178 vs. your max of $1,698.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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
What is the cost of living in Boone County, Missouri?
What is the median rent in Boone County?
Is Boone County affordable?
How does Boone County's rent compare to the state average?
What is the median home value in Boone County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Boone County, Missouri? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Boone County
Whether you're buying in Boone County, Missouri, or refinancing, compare rates from top lenders using the terms each lender provides.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.