Cost of Living in Ray County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Ray County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Ray County, Missouri
Ray County rents are below national average
Renters in Ray County spend 13.4% of their income on rent, well below the national average of roughly 15%. At $808 per month, median gross rent here is modest compared to the national landscape, offering households meaningful breathing room in their budgets.
Ray County leads Missouri on affordability
Ray County's 13.4% rent-to-income ratio ranks it among Missouri's most affordable counties, beating the state average of 15.6%. This advantage reflects both reasonable rents and a median household income of $72,152, close to the national median of $74,755.
Ray County outpaces surrounding counties
Ray County renters pay $808 monthly, slightly above the state median of $768 but significantly more affordable than neighboring areas when accounting for income. With strong income levels at $72,152, Ray County residents maintain better housing affordability than most peers in the region.
Housing costs take manageable share
Ray County households spend about 13.4% of their $72,152 annual income on rent, leaving roughly 86.6% for other necessities and savings. Home buyers fare similarly well, with median ownership costs of $889 monthly against the same solid income base.
Consider Ray County for balanced living
If you're evaluating Missouri counties for relocation, Ray County deserves attention: affordable rents at $808, near-median incomes of $72,152, and one of the state's lowest rent-to-income ratios at 13.4%. The median home value of $187,400 also positions it competitively for buyers seeking entry into Missouri's housing market.
Affordability Calculator
See how your income compares to housing costs in Ray County
Rent Burden
13.4%
of gross income
Max Housing (28% Rule)
$1,684
per month
Owner Cost Burden
14.8%
of gross income
You can likely afford the median home in Ray County
Median home value is $187,400. Estimated monthly cost: $1,496 vs. your max of $1,684.
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.