Cost of Living in Cole County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Cole County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Cole County, Missouri
Below-average rent burden statewide
Cole County renters spend just 13.2% of their income on housing, nearly 3 percentage points below the national average and well below Missouri's state average of 15.6%. With a median household income of $73,273 and median rent of $804, the county offers one of Missouri's most balanced housing-to-income ratios.
Among Missouri's most affordable
Cole County ranks among the state's best performers on housing affordability, with a 13.2% rent-to-income ratio that beats the Missouri average by 2.4 points. The county's median rent of $804 falls below the state's $768 average, making it a notably accessible market.
Beats all nearby counties
Cole County's median rent of $804 and 13.2% rent-to-income ratio outperform every adjacent county, including DeKalb ($796 rent, 13.8% ratio) and Cooper ($763 rent, 13.6% ratio). This positions Cole as the affordability leader in its immediate region.
Housing takes 13.2% of income
The typical Cole County household earns $73,273 annually and pays $804 monthly for rent or $950 for ownership, consuming just 13.2% of gross income. This balance leaves renters and owners more breathing room for other expenses compared to state and national averages.
A solid affordability case
Cole County presents a compelling option for renters and homebuyers seeking reasonable housing costs without sacrificing income levels. The median household income of $73,273 combined with moderate rent and mortgage costs make this county one of Missouri's most livable markets.
Affordability Calculator
See how your income compares to housing costs in Cole County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$1,710
per month
Owner Cost Burden
15.6%
of gross income
The median home in Cole County may be a stretch
Median home value is $214,400. Estimated monthly cost: $1,712 vs. your max of $1,710.
Rent Affordability Guide
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.