Cost of Living in Platte County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Platte County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Platte County ranks #2,843 of 3,142 counties for affordability (bottom 10%)
Sourced county brief
Platte County Median Home Value Estimated at 345,100 Dollars
The median home value in Platte County is $345,100, which is above the Missouri unweighted county mean of $175,712. Housing costs for owners, measured as the median selected monthly owner cost for all units, is $1,603, compared to the state unweighted county mean of $803. For renter-occupied units, the median gross rent is $1,334 per month, while the unweighted state county mean is $783. The official Gross Rent as a Percentage of Household Income (GRAPI) in Platte County was estimated at 26.3%. This official B25071 figure is 0.4 percentage points above the state unweighted county mean for GRAPI, which is 25.9%. The median income for renter households in the county is $64,951. All rental affordability figures provided are official GRAPI estimates rather than derived calculations. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Platte County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.3% of renter household income in Platte County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $1,334 per month; median selected monthly owner costs are $1,603. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $53,360 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Missouri unweighted mean of county median rents is $783 per month. Platte County's $1,334 median is 70.4% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Platte County
Rent Burden
16.6%
of gross income
Max Housing (28% Rule)
$2,245
per month
Owner Cost Burden
20.0%
of gross income
The median home in Platte County may be a stretch
Median home value is $345,100. Estimated monthly cost: $2,755 vs. your max of $2,245.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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