Cost of Living in Morgan County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Morgan County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Morgan County, Missouri
Morgan's rent burden significantly stressed
Morgan County renters spend 16.7% of their income on rent, above the comfortable 12-15% national range. This elevated burden leaves households with less margin for unexpected expenses or financial goals.
Above Missouri state average
Morgan's rent-to-income ratio of 16.7% exceeds Missouri's state average of 15.6%, placing it in the less affordable category of Missouri counties. The 1.1-percentage-point gap reflects tighter housing affordability than the statewide norm.
Higher rents on lower incomes
Morgan's median rent of $692/month sits in the midrange of surrounding counties, but the county's median income of $49,663 is among the region's lowest. This income-cost gap drives Morgan's affordability squeeze.
Morgan's compressed household budget
Morgan County residents earn $49,663 annually, paying $692/month in rent or $743/month for mortgages on homes valued at $180,400. Renters see roughly 17% of gross income consumed by housing, leaving tight budgets for other priorities.
Morgan requires income-conscious planning
If you're relocating to Morgan County, the 16.7% rent-to-income ratio means housing is less affordable than nearby options like Mercer (10.9%) or Moniteau (14.1%). Ensure your income aligns with the area's costs before moving.
Affordability Calculator
See how your income compares to housing costs in Morgan County
Rent Burden
16.7%
of gross income
Max Housing (28% Rule)
$1,159
per month
Owner Cost Burden
18.0%
of gross income
The median home in Morgan County may be a stretch
Median home value is $180,400. Estimated monthly cost: $1,440 vs. your max of $1,159.
Rent Affordability Guide
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.