Cost of Living in Grundy County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grundy County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grundy County ranks #1,507 of 3,144 counties for affordability (top 48%)
Data Story
About Cost of Living in Grundy County, Missouri
Grundy Renters Face Modest Affordability Pressures
Grundy County's rent-to-income ratio of 15.1% sits just below the national benchmark, reflecting tight but manageable affordability for renters earning a median household income of $53,839. Monthly rents of $679 consume a moderate share of household earnings, comparable to national norms.
Grundy Slightly Below State Affordability Average
At 15.1%, Grundy County's rent-to-income ratio sits just below Missouri's state average of 15.6%, placing it near the middle of statewide affordability. The median rent of $679 runs $89 cheaper than the state average, offering reasonable value for rural Missouri.
Grundy Balances Rents and Income Competitively
Grundy's 15.1% rent-to-income ratio positions it between stronger performers like Gasconade (12.4%) and Gentry (12.9%), and better than Douglas (16.5%) and Dunklin (16.0%). At $679 monthly rent with $53,839 income, Grundy offers middle-ground regional affordability.
Ownership More Affordable Than Renting
Grundy renters spend 15.1% of their $53,839 annual income on $679 monthly rent, but homeowners fare better at only 13.3% for ownership costs ($594/month). This pattern suggests that purchasing a median-valued home ($107,000) offers better affordability than renting in Grundy.
Grundy: Solid Value for Balanced Households
Grundy County suits relocating families seeking rural stability with reasonable housing costs: median home values ($107,000) stay affordable, and ownership costs ($594) beat rental prices. If you can secure stable employment at or near Grundy's $53,839 median income and prefer homeownership, this county delivers solid value.
Cost of Living Advisory: Grundy County
Affordability Verdict
Housing in Grundy County is affordable. The median rent is $679/month against a median household income of $53,839, putting rent at 15.1% of income.
Rent vs. Own
At $679/month rent versus $594/month in owner costs, owning is roughly $85/month cheaper — a 13% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,160/year. For owner costs at the 28% rule, the required income is roughly $25,457/year. With a median household income of $53,839, most households can comfortably afford rent here. Notably, 25.0% of renter households in Grundy County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Caldwell County where rent averages $628/month, Grundy County is approximately 8% more expensive.
Affordability Calculator
See how your income compares to housing costs in Grundy County
Rent Burden
15.1%
of gross income
Max Housing (28% Rule)
$1,256
per month
Owner Cost Burden
13.2%
of gross income
You can likely afford the median home in Grundy County
Median home value is $107,000. Estimated monthly cost: $854 vs. your max of $1,256.
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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