Cost of Living in Knox County, Missouri

$661/mo
Median Monthly Rent
$97,200
Median Home Value
14% below state averageUnaffordable

At a Glance

Median Monthly Rent
$661/mo
14% below state average
Median Home Value
$97,200
66% below national
Rent-to-Income Ratio
20.0%
% 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 Knox County Compares

Median monthly rent comparison

Knox County$661/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$661/mo
Median Gross Rent
$97,200
Median Home Value
$619/mo
Monthly Owner Cost
20.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Knox County, Missouri

Knox County: Missouri's affordability standout

Knox County renters spend only 14.9% of income on rent, well below the national burden of 18.3%, making it one of the most affordable counties nationally. Though median income of $53,333 falls below the U.S. average, housing costs are exceptionally low at just $661 monthly.

Best-in-class Missouri affordability

Knox County's rent-to-income ratio of 14.9% bests Missouri's state average of 15.6%, while its $661 median rent is the lowest among comparable counties. This combination makes Knox a standout for budget-conscious residents across income levels.

Significantly cheaper than regional peers

Knox County's $661 rent is 27% cheaper than Jasper County ($904) and nearly 40% cheaper than Jefferson County ($972). Despite lower regional incomes, Knox delivers exceptional affordability that outpaces most neighboring counties by a wide margin.

Housing leaves room in small budgets

Renters pay just $661 monthly while homeowners average $619 from a $53,333 median household income. Housing accounts for only 14–15% of pre-tax income, allowing residents to stretch limited earnings across other essential expenses.

Unbeatable affordability for rural preference

Knox County is Missouri's best choice for renters and buyers prioritizing low housing costs and rural living. If affordable housing is your primary goal and you're willing to trade urban amenities for small-town life, Knox County delivers unmatched value.

Affordability Calculator

See how your income compares to housing costs in Knox County

$

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,244

per month

Owner Cost Burden

13.9%

of gross income

You can likely afford the median home in Knox County

Median home value is $97,200. Estimated monthly cost: $776 vs. your max of $1,244.

Rent Affordability Guide

Your rent-to-income ratio14.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Knox County, Missouri?
Knox County, Missouri has a median monthly rent of $661/mo and a median home value of $97,200. The affordability rating is Unaffordable, with rent making up approximately 20.0% of median household income.
What is the median rent in Knox County?
The median gross rent in Knox County is $661/mo. This is 14% below state average for Missouri.
Is Knox County affordable?
Knox County is rated Unaffordable based on rent-to-income ratio of 20.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Knox County's rent compare to the state average?
Knox County's median rent of $661/mo is 14% below state average of $768/mo for Missouri.
What is the median home value in Knox County?
The median home value in Knox County, Missouri is $97,200. This is 66% 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.