Cost of Living in Pike County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Pike County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Pike County, Missouri
Pike keeps housing costs lean
Pike County's rent-to-income ratio of 15.5% sits right at Missouri's state average and beats the national norm, meaning renters here enjoy genuine affordability. Median household income of $57,572 stays close to the state, but lower rents—$742/month—keep the housing burden light.
Missouri's affordable sweet spot
Pike County ranks among Missouri's more affordable counties with a 15.5% rent-to-income ratio, nearly matching the state benchmark of 15.6%. At this level, housing takes a reasonable share of income, leaving room for other essentials.
The budget option in central Missouri
Pike's $742 median rent undercuts Phelps ($801) and trails Ralls ($765) only slightly, making it one of the cheapest rental markets in this region. Homebuyers face median values near $129,400, the lowest among immediate neighbors, amplifying Pike's bargain appeal.
Renting and owning both fit the budget
Renters pay $742/month (15.5% of income) while homeowners spend $615/month (12.8% of income), making Pike exceptional for affordability across both categories. The gap suggests strong homeownership value, with owner costs dramatically lower than rent.
Pike is a mover's smart play
If affordability drives your decision, Pike County delivers some of Missouri's lowest rents and lowest home values, freeing cash for savings or life goals. Compare it directly with Putnam County, which rivals Pike's affordability, to pick your perfect fit.
Affordability Calculator
See how your income compares to housing costs in Pike County
Rent Burden
15.5%
of gross income
Max Housing (28% Rule)
$1,343
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Pike County
Median home value is $129,400. Estimated monthly cost: $1,033 vs. your max of $1,343.
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.