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)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Grundy County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grundy County ranks #324 of 3,142 counties for affordability (top 10%)
Sourced county brief
Grundy County Renter Median Household Income Estimated at 28,227 Dollars
In Grundy County, the median income for renter households was estimated at $28,227 according to the ACS 2020-2024 5-Year Estimates. The official median gross rent as a percentage of household income (GRAPI) in the county was 24.4%, which is 1.5 percentage points below the Missouri unweighted county mean of 25.9%. Median gross rent was recorded at $696 per month, while the state unweighted county mean was $783. For owner-occupied units, the median monthly owner cost was $608, compared to the Missouri unweighted county mean of $803. The median value of homes in the county was $112,500, a figure $63,212 lower than the state unweighted county mean of $175,712. These statistics are snapshot observations and do not explain the reasons for the values shown. See ACS table B25119 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Grundy County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.4% of renter household income in Grundy County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $696 per month; median selected monthly owner costs are $608. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $27,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Missouri unweighted mean of county median rents is $783 per month. Grundy County's $696 median is 11.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Grundy County
Rent Burden
16.1%
of gross income
Max Housing (28% Rule)
$1,213
per month
Owner Cost Burden
14.0%
of gross income
You can likely afford the median home in Grundy County
Median home value is $112,500. Estimated monthly cost: $898 vs. your max of $1,213.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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