Cost of Living in Grundy County, Missouri

$679/mo
Median Monthly Rent
$107,000
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$679/mo
12% below state average
Median Home Value
$107,000
62% below national
Rent-to-Income Ratio
25.0%
% 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 Grundy County Compares

Median monthly rent comparison

Grundy County$679/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$679/mo
Median Gross Rent
$107,000
Median Home Value
$594/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio15.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grundy County, Missouri?
Grundy County, Missouri has a median monthly rent of $679/mo and a median home value of $107,000. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in Grundy County?
The median gross rent in Grundy County is $679/mo. This is 12% below state average for Missouri.
Is Grundy County affordable?
Grundy County is rated Unaffordable based on rent-to-income ratio of 25.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grundy County's rent compare to the state average?
Grundy County's median rent of $679/mo is 12% below state average of $768/mo for Missouri.
What is the median home value in Grundy County?
The median home value in Grundy County, Missouri is $107,000. This is 62% 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.