Cost of Living in Daviess County, Missouri

$731/mo
Median Monthly Rent
$149,200
Median Home Value
5% below state averageUnaffordable

At a Glance

Median Monthly Rent
$731/mo
5% below state average
Median Home Value
$149,200
47% below national
Rent-to-Income Ratio
24.0%
% 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 Daviess County Compares

Median monthly rent comparison

Daviess County$731/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$731/mo
Median Gross Rent
$149,200
Median Home Value
$696/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio14.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Daviess County, Missouri?
Daviess County, Missouri has a median monthly rent of $731/mo and a median home value of $149,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Daviess County?
The median gross rent in Daviess County is $731/mo. This is 5% below state average for Missouri.
Is Daviess County affordable?
Daviess County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Daviess County's rent compare to the state average?
Daviess County's median rent of $731/mo is 5% below state average of $768/mo for Missouri.
What is the median home value in Daviess County?
The median home value in Daviess County, Missouri is $149,200. This is 47% 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.