Cost of Living in Miller County, Missouri

$724/mo
Median Monthly Rent
$169,800
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$724/mo
6% below state average
Median Home Value
$169,800
40% below national
Rent-to-Income Ratio
24.0%
% 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 Miller County Compares

Median monthly rent comparison

Miller County$724/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$724/mo
Median Gross Rent
$169,800
Median Home Value
$717/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Miller County, Missouri

Miller's rent burden slightly above average

Miller County renters spend 15.8% of their income on rent, slightly above the comfortable 12-15% national range. While not dire, this means less cushion in household budgets compared to the national average.

Slightly pricier than Missouri average

Miller County's rent-to-income ratio of 15.8% trails the state average of 15.6% by just 0.2 percentage points, making it nearly middle-of-the-pack among Missouri counties. Housing costs here track closely with statewide affordability trends.

Middle ground in central Missouri

Miller's median rent of $724/month sits between more affordable Mercer ($548) and pricier Moniteau ($766). While $724 exceeds the state average of $768 by just a hair, Miller offers moderate costs for the region.

Miller's housing cost reality

With a median household income of $55,172, Miller County residents pay $724/month in rent or $717/month for mortgages on homes valued at $169,800. Housing absorbs roughly 16% of income for renters, leaving limited flexibility for other priorities.

Miller works for moderate budgets

If you seek moderate housing costs with home values near $170,000, Miller County offers a balanced option between affordability and property investment. The region's relatively stable rent-to-income ratio reflects predictable, manageable housing expenses.

Affordability Calculator

See how your income compares to housing costs in Miller County

$

Rent Burden

15.7%

of gross income

Max Housing (28% Rule)

$1,287

per month

Owner Cost Burden

15.6%

of gross income

The median home in Miller County may be a stretch

Median home value is $169,800. Estimated monthly cost: $1,356 vs. your max of $1,287.

Rent Affordability Guide

Your rent-to-income ratio15.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Miller County, Missouri?
Miller County, Missouri has a median monthly rent of $724/mo and a median home value of $169,800. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Miller County?
The median gross rent in Miller County is $724/mo. This is 6% below state average for Missouri.
Is Miller County affordable?
Miller County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Miller County's rent compare to the state average?
Miller County's median rent of $724/mo is 6% below state average of $768/mo for Missouri.
What is the median home value in Miller County?
The median home value in Miller County, Missouri is $169,800. This is 40% 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.