Cost of Living in Howard County, Missouri

$807/mo
Median Monthly Rent
$145,300
Median Home Value
5% above state averageUnaffordable

At a Glance

Median Monthly Rent
$807/mo
5% above state average
Median Home Value
$145,300
48% below national
Rent-to-Income Ratio
28.0%
% 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 Howard County Compares

Median monthly rent comparison

Howard County$807/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$807/mo
Median Gross Rent
$145,300
Median Home Value
$798/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Howard County, Missouri

Howard balances income and housing

Howard County's rent-to-income ratio of 15.5% sits just below Missouri's state average of 15.6%, indicating solid affordability for renters. With median household income of $62,628 and monthly rents of $807, housing costs consume a manageable slice of earnings.

Slightly better than state average

At 15.5%, Howard County nearly matches Missouri's 15.6% state benchmark, positioning it among the more livable counties statewide. This stability reflects both reasonable rents and above-average household incomes supporting the local housing market.

Premium pricing, solid income support

Howard County's $807 rent runs higher than Harrison ($666), Henry ($740), and Holt ($702), reflecting stronger local demand and prosperity. Its median home value of $145,300 and household income of $62,628 support these higher housing costs better than most regional peers.

Higher costs, higher incomes

Renters pay $807 monthly while owners invest $798 against a solid median household income of $62,628. This means renters dedicate 15.5% of earnings to housing, while owners commit about 15.3%—both sustainable for households with steady employment.

Howard rewards higher earners

Consider Howard County if you're relocating with above-average income—your earnings will stretch comfortably across local housing costs and community amenities. The county's stronger economic profile means better schools, services, and long-term home value appreciation potential.

Affordability Calculator

See how your income compares to housing costs in Howard County

$

Rent Burden

15.5%

of gross income

Max Housing (28% Rule)

$1,461

per month

Owner Cost Burden

15.3%

of gross income

You can likely afford the median home in Howard County

Median home value is $145,300. Estimated monthly cost: $1,160 vs. your max of $1,461.

Rent Affordability Guide

Your rent-to-income ratio15.5%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Howard County, Missouri?
Howard County, Missouri has a median monthly rent of $807/mo and a median home value of $145,300. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Howard County?
The median gross rent in Howard County is $807/mo. This is 5% above state average for Missouri.
Is Howard County affordable?
Howard County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Howard County's rent compare to the state average?
Howard County's median rent of $807/mo is 5% above state average of $768/mo for Missouri.
What is the median home value in Howard County?
The median home value in Howard County, Missouri is $145,300. This is 48% 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.