Cost of Living in Callaway County, Missouri

$850/mo
Median Monthly Rent
$196,200
Median Home Value
11% above state averageUnaffordable

At a Glance

Median Monthly Rent
$850/mo
11% above state average
Median Home Value
$196,200
30% below national
Rent-to-Income Ratio
23.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Callaway County Compares

Median monthly rent comparison

Callaway County$850/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$850/mo
Median Gross Rent
$196,200
Median Home Value
$981/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Callaway County, Missouri

Callaway balances income and affordability

Callaway County's 14.0% rent-to-income ratio sits below the state average of 15.6% and reflects the region's second-highest household income at $72,645. At $850 monthly, rent remains manageable despite income still trailing the national average of $74,755.

Above-average income, solid affordability

Callaway County ranks third in this group for affordability with a 14.0% rent-to-income ratio, benefiting from above-average household income of $72,645. This combination places it among Missouri's more livable counties.

Middle ground between comfort and value

Callaway County's $850 rent and 14.0% ratio strike a balance: better than pricey Boone (18.2%) and Buchanan (17.9%), though not as cheap as Caldwell (12.1%). It offers strong household income ($72,645) second only to Boone County.

Solid earnings support housing costs

Callaway County households earn $72,645 annually, paying $850 monthly rent (14.0% of income) or $981 for ownership on median homes valued at $196,200. Both pathways remain affordable thanks to incomes above the county group average.

Callaway offers comfort and value

Relocating to Callaway County provides a sweet spot: above-average income potential ($72,645), a manageable 14.0% rent-to-income ratio, and reasonable home values at $196,200. It's an ideal choice if you want affordability without sacrificing earning potential.

Affordability Calculator

See how your income compares to housing costs in Callaway County

$

Rent Burden

14.0%

of gross income

Max Housing (28% Rule)

$1,695

per month

Owner Cost Burden

16.2%

of gross income

You can likely afford the median home in Callaway County

Median home value is $196,200. Estimated monthly cost: $1,566 vs. your max of $1,695.

Rent Affordability Guide

Your rent-to-income ratio14.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Callaway County, Missouri?
Callaway County, Missouri has a median monthly rent of $850/mo and a median home value of $196,200. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Callaway County?
The median gross rent in Callaway County is $850/mo. This is 11% above state average for Missouri.
Is Callaway County affordable?
Callaway County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Callaway County's rent compare to the state average?
Callaway County's median rent of $850/mo is 11% above state average of $768/mo for Missouri.
What is the median home value in Callaway County?
The median home value in Callaway County, Missouri is $196,200. This is 30% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Callaway County, Missouri? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Callaway County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.