Cost of Living in Daviess County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Daviess County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Daviess County ranks #1,235 of 3,144 counties for affordability (top 39%)
Data Story
About Cost of Living in Daviess County, Missouri
Moderate income, reasonable rents
Daviess County renters spend 14.5% of their income on housing, sitting comfortably below both the national average and Missouri's state average of 15.6%. With a median household income of $60,665 and median rent of $731, the county balances below-average income with proportionally lower housing costs.
Above-average affordability
Daviess County's 14.5% rent-to-income ratio beats Missouri's 15.6% state average, placing it solidly in the top tier of affordable counties. The median rent of $731 sits slightly below the state's $768 average, creating a favorable housing market despite below-average incomes.
Solid middle-ground option
Daviess County's median rent of $731 and 14.5% ratio position it competitively among neighbors, outperforming Crawford County (17.2% ratio) and holding its own against Cole County (13.2%) and DeKalb County (13.8%). The county offers a balanced mix of rural affordability and reasonable housing access.
14.5% of income to housing
Households in Daviess County earn a median of $60,665 annually and allocate roughly $731 monthly to rent or $696 for ownership, consuming 14.5% of gross income. This ratio leaves families adequate resources for other essential expenses and savings.
Balanced affordability and accessibility
Daviess County offers a sensible middle ground for families seeking rural living with reasonable housing costs and moderate income requirements. The 14.5% rent-to-income ratio and modest median home value of $149,200 make this an attractive option for budget-conscious households.
Cost of Living Advisory: Daviess County
Affordability Verdict
Daviess County is affordable for renters, with a median gross rent of $731/month representing approximately 14.5% of median household income. The rent burden (GRAPI) stands at 24.0%.
Rent vs. Own
At $731/month rent versus $696/month in owner costs, owning is roughly $35/month cheaper — a 5% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,240/year. For owner costs at the 28% rule, the required income is roughly $29,829/year. With a median household income of $60,665, most households can comfortably afford rent here. Notably, 24.0% of renter households in Daviess County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Daviess County sits 7% less expensive than Adair County ($782/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Daviess County
Rent Burden
14.5%
of gross income
Max Housing (28% Rule)
$1,416
per month
Owner Cost Burden
13.8%
of gross income
You can likely afford the median home in Daviess County
Median home value is $149,200. Estimated monthly cost: $1,191 vs. your max of $1,416.
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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