Cost of Living in McDonald County, Missouri

$764/mo
Median Monthly Rent
$134,100
Median Home Value

At a Glance

Median Monthly Rent
$764/mo
1% below state average
Median Home Value
$134,100
52% 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 McDonald County Compares

Median monthly rent comparison

McDonald County$764/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$764/mo
Median Gross Rent
$134,100
Median Home Value
$692/mo
Monthly Owner Cost
25.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

McDonald County ranks #2,117 of 3,144 counties for affordability (bottom 33%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in McDonald County, Missouri

McDonald County's affordability crisis

At 19%, McDonald County's rent-to-income ratio far exceeds both national and state averages, making housing costs a genuine burden for renters. With the lowest median household income in this group ($48,145) paired with $764 monthly rents, residents face a serious affordability squeeze.

Missouri's least affordable county here

McDonald County's 19% rent-to-income ratio ranks worst among all eight counties and significantly exceeds Missouri's state average of 15.6%. This means renters here spend nearly one-fifth of their income on housing—the highest burden in the regional comparison.

McDonald struggles compared to peers

McDonald County's $764 rent sits in the middle regionally, but paired with the lowest median income ($48,145), creates the worst affordability ratio. Residents pay a 19% rent-to-income ratio—more than 3 percentage points above the state average.

Nearly 20% of income on rent

Renters in McDonald County spend $764 monthly while homeowners pay $692, with median home values of $134,100. At 19% of income dedicated to rent, housing costs create the tightest squeeze in this eight-county group.

McDonald County demands careful planning

McDonald County's 19% rent-to-income ratio signals genuine affordability challenges—housing costs will eat significantly into your budget here. Before moving, compare your income carefully to these costs and explore neighboring counties like Maries or Linn for better affordability.

Cost of Living Advisory: McDonald County

Affordability Verdict

McDonald County is affordable for renters, with a median gross rent of $764/month representing approximately 19.0% of median household income. The rent burden (GRAPI) stands at 25.0%.

Rent vs. Own

The median rent in McDonald County is $764/month, while owner costs run $692/month. Owning saves approximately $72/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,560/year. For owner costs at the 28% rule, the required income is roughly $29,657/year. With a median household income of $48,145, most households can comfortably afford rent here. Notably, 25.0% of renter households in McDonald County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Compared to Madison County where rent averages $817/month, McDonald County is approximately 6% less expensive.

Affordability Calculator

See how your income compares to housing costs in McDonald County

$

Rent Burden

19.0%

of gross income

Max Housing (28% Rule)

$1,123

per month

Owner Cost Burden

17.2%

of gross income

You can likely afford the median home in McDonald County

Median home value is $134,100. Estimated monthly cost: $1,071 vs. your max of $1,123.

Rent Affordability Guide

Your rent-to-income ratio19.0%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $48,145Needed: $30,560
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $48,145Needed: $29,657
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $48,145Needed: $31,209

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

What is the cost of living in McDonald County, Missouri?
McDonald County, Missouri has a median monthly rent of $764/mo and a median home value of $134,100. The affordability rating is Unaffordable, with rent making up approximately 25.0% of median household income.
What is the median rent in McDonald County?
The median gross rent in McDonald County is $764/mo. This is 1% below state average for Missouri.
Is McDonald County affordable?
McDonald 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 McDonald County's rent compare to the state average?
McDonald County's median rent of $764/mo is 1% below state average of $768/mo for Missouri.
What is the median home value in McDonald County?
The median home value in McDonald County, Missouri is $134,100. This is 52% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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