Cost of Living in Putnam County, Missouri

$575/mo
Median Monthly Rent
$111,600
Median Home Value
25% below state averageUnaffordable

At a Glance

Median Monthly Rent
$575/mo
25% below state average
Median Home Value
$111,600
60% below national
Rent-to-Income Ratio
36.0%
% 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 Putnam County Compares

Median monthly rent comparison

Putnam County$575/mo
Missouri Average$768/mo
National Median$1,163/mo

Detailed Housing Stats

$575/mo
Median Gross Rent
$111,600
Median Home Value
$802/mo
Monthly Owner Cost
36.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Putnam County, Missouri

Putnam delivers Missouri's best deal

Putnam County's 12.1% rent-to-income ratio ranks among the most affordable housing markets in Missouri and the nation, nearly 3 percentage points below the state average. Median rent of just $575/month—the cheapest in this analysis—makes housing easily manageable on a $56,875 median income.

Rural affordability at its best

Putnam County stands as one of Missouri's most affordable counties, with a 12.1% rent-to-income ratio that leaves substantial income for other needs. This rural gem offers genuine breathing room in a state where many counties struggle with affordability.

The bargain champion of the region

Putnam's $575 median rent beats Pike ($742) by $167 and towers below Pulaski ($1,072) by nearly $500, making it the clear budget leader. Median home values of $111,600 match Pike's as the region's lowest, broadening Putnam's affordability edge.

Housing leaves room to breathe

Renters spend just $575/month (12.1% of income) while homeowners pay $802/month (16.9% of income), giving Putnam renters exceptional relief. Homeownership costs more here, but even at 16.9%, owner costs remain manageable statewide.

Putnam is the ultimate affordability play

Putnam County excels for remote workers, retirees, or anyone prioritizing low housing costs and financial flexibility over metro amenities. If you're choosing between Putnam and Pike, both offer outstanding value—Putnam pulls ahead on pure affordability, Pike on size and services.

Affordability Calculator

See how your income compares to housing costs in Putnam County

$

Rent Burden

12.1%

of gross income

Max Housing (28% Rule)

$1,327

per month

Owner Cost Burden

16.9%

of gross income

You can likely afford the median home in Putnam County

Median home value is $111,600. Estimated monthly cost: $891 vs. your max of $1,327.

Rent Affordability Guide

Your rent-to-income ratio12.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Putnam County, Missouri?
Putnam County, Missouri has a median monthly rent of $575/mo and a median home value of $111,600. The affordability rating is Unaffordable, with rent making up approximately 36.0% of median household income.
What is the median rent in Putnam County?
The median gross rent in Putnam County is $575/mo. This is 25% below state average for Missouri.
Is Putnam County affordable?
Putnam County is rated Unaffordable based on rent-to-income ratio of 36.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Putnam County's rent compare to the state average?
Putnam County's median rent of $575/mo is 25% below state average of $768/mo for Missouri.
What is the median home value in Putnam County?
The median home value in Putnam County, Missouri is $111,600. This is 60% 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.