Cost of Living in Henry County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Henry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Henry County ranks #2,133 of 3,144 counties for affordability (bottom 32%)
Data Story
About Cost of Living in Henry County, Missouri
Henry rents match state benchmark
Henry County's rent-to-income ratio of 15.7% sits slightly above Missouri's state average of 15.6%, holding steady compared to national affordability patterns. Renters here spend about $740 monthly on housing against a median income of $56,621.
Middle-ground affordability statewide
Henry County ranks near the middle of Missouri's affordability spectrum with a 15.7% rent burden, just edging the state median. Its rents at $740 monthly run slightly below the state average of $768, offering modest savings.
Slightly pricier than nearby rivals
Henry County's $740 rent edges above Harrison County's $666 and approaches Howell County's $722, positioning it as a mid-range option. Home values of $153,500 sit between Harrison's $107,400 and Howell's $161,000, reflecting stronger property appreciation.
Rents and mortgages balanced
Renters allocate $740 monthly while owners spend $815, reflecting Henry's stronger median home values and investment potential. With household income at $56,621, renters dedicate about 15.7% while owners commit roughly 17.3% to housing costs.
Henry offers stable middle ground
Relocating families seeking steady housing affordability without extreme frugality will find Henry County competitive—rents track with state averages while home values suggest solid long-term investment. Your income aligns well with local housing markets, balancing cost with community amenities.
Cost of Living Advisory: Henry County
Affordability Verdict
Henry County is affordable for renters, with a median gross rent of $740/month representing approximately 15.7% of median household income. The rent burden (GRAPI) stands at 30.0%.
Rent vs. Own
At $740/month rent versus $815/month in owner costs, renting is roughly $75/month cheaper — a 9% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,600/year. For owner costs at the 28% rule, the required income is roughly $34,929/year. With a median household income of $56,621, most households can comfortably afford rent here. Notably, 30.0% of renter households in Henry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Missouri, Henry County is less affordable than Polk County by roughly 7% ($740/mo vs $792/mo).
Affordability Calculator
See how your income compares to housing costs in Henry County
Rent Burden
15.7%
of gross income
Max Housing (28% Rule)
$1,321
per month
Owner Cost Burden
17.3%
of gross income
You can likely afford the median home in Henry County
Median home value is $153,500. Estimated monthly cost: $1,225 vs. your max of $1,321.
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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