Cost of Living in Chariton County, Missouri

$540/mo
Median Monthly Rent
$118,900
Median Home Value
30% below state averageUnaffordable

At a Glance

Median Monthly Rent
$540/mo
30% below state average
Median Home Value
$118,900
58% below national
Rent-to-Income Ratio
21.0%
% 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 Chariton County Compares

Median monthly rent comparison

Chariton County$540/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$540/mo
Median Gross Rent
$118,900
Median Home Value
$617/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Chariton County, Missouri

Chariton's exceptional affordability stands out

Chariton County boasts a 10.2% rent-to-income ratio, among the lowest in the nation and well below the national average near 16%. With a median household income of $63,307 paired against modest $540 monthly rent, Chariton residents enjoy the region's most favorable housing-cost balance.

Missouri's affordability leader

Chariton County's 10.2% rent-to-income ratio sits dramatically below Missouri's 15.6% state average, making it one of the state's most affordable counties. At $540 monthly median rent—$228 below the state average—Chariton offers genuine affordability across income levels.

Clear winner among regional counties

Chariton's 10.2% rent burden beats every neighboring county: Carroll (15.3%), Clark (13.7%), and Cedar (20.6%) all pay significantly higher percentages of income toward housing. With rents 30% below the state average, Chariton stands apart as a rural affordability oasis.

Housing leaves room to breathe

On a median income of $63,307, Chariton households spend just $540 monthly on rent (10.2%) or $617 on ownership costs. This unusually low burden—compared to the national guideline of 30%—leaves residents with substantial income for savings, healthcare, and quality-of-life investments.

Chariton's affordability attracts relocators

If you prioritize housing affordability above all, Chariton County delivers: $540 rent paired with median incomes of $63,307 create genuine wiggle room. Weigh Chariton's low costs against job availability and services—but for those finding remote work or flexible employment, few Missouri counties offer better value.

Affordability Calculator

See how your income compares to housing costs in Chariton County

$

Rent Burden

10.2%

of gross income

Max Housing (28% Rule)

$1,477

per month

Owner Cost Burden

11.7%

of gross income

You can likely afford the median home in Chariton County

Median home value is $118,900. Estimated monthly cost: $949 vs. your max of $1,477.

Rent Affordability Guide

Your rent-to-income ratio10.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Chariton County, Missouri?
Chariton County, Missouri has a median monthly rent of $540/mo and a median home value of $118,900. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Chariton County?
The median gross rent in Chariton County is $540/mo. This is 30% below state average for Missouri.
Is Chariton County affordable?
Chariton County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Chariton County's rent compare to the state average?
Chariton County's median rent of $540/mo is 30% below state average of $768/mo for Missouri.
What is the median home value in Chariton County?
The median home value in Chariton County, Missouri is $118,900. This is 58% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.