Cost of Living in Montgomery County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Montgomery County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Montgomery County ranks #1,255 of 3,144 counties for affordability (top 40%)
Data Story
About Cost of Living in Montgomery County, Missouri
Montgomery keeps rents in check
Montgomery County renters spend 15.1% of their income on rent, just slightly above the comfortable 12-15% national range. This remains manageable for most households with modest income cushions.
Slightly above Missouri average
Montgomery's rent-to-income ratio of 15.1% edges above Missouri's state average of 15.6%, ranking it near the middle of statewide affordability. The county tracks closely with typical Missouri housing costs.
Standard central Missouri pricing
Montgomery's median rent of $767/month essentially matches the state average of $768 and sits in the middle of the regional range. The county reflects typical housing costs for central Missouri.
Montgomery's stable housing equation
With a median household income of $61,042, Montgomery residents pay $767/month in rent or $733/month for mortgages on homes valued at $171,300. Housing absorbs roughly 15% of income for renters, leaving reasonable resources for other expenses.
Montgomery offers reliable value
If you're relocating and prefer standard housing costs with solid incomes, Montgomery County delivers predictable affordability near the state average. The county's balanced approach makes it a safe choice for typical Missouri households.
Cost of Living Advisory: Montgomery County
Affordability Verdict
Montgomery County is affordable for renters, with a median gross rent of $767/month representing approximately 15.1% of median household income. The rent burden (GRAPI) stands at 22.0%.
Rent vs. Own
Renters in Montgomery County pay $767/month on average, compared to $733/month for homeowners. This market favors buyers by about 4%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,680/year. For owner costs at the 28% rule, the required income is roughly $31,414/year. With a median household income of $61,042, most households can comfortably afford rent here. Notably, 22.0% of renter households in Montgomery County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Montgomery County sits 7% less expensive than Benton County ($823/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Montgomery County
Rent Burden
15.1%
of gross income
Max Housing (28% Rule)
$1,424
per month
Owner Cost Burden
14.4%
of gross income
You can likely afford the median home in Montgomery County
Median home value is $171,300. Estimated monthly cost: $1,368 vs. your max of $1,424.
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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