Cost of Living in Scotland County, Missouri

$516/mo

Median Monthly Rent

$141,100

Median Home Value

33% below state averageUnaffordable

At a Glance

Median Monthly Rent

$516/mo

33% below state average

Median Home Value

$141,100

50% below national

Rent-to-Income Ratio

22.0%

% 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 Scotland County Compares

Median monthly rent comparison

Scotland County$516/mo

Missouri Average$768/mo

National Median$1,163/mo

Detailed Housing Stats

$516/mo

Median Gross Rent

$141,100

Median Home Value

$809/mo

Monthly Owner Cost

22.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Scotland County, Missouri

Scotland County offers exceptional rental value

Scotland County's rent-to-income ratio of 9.2% significantly outperforms national trends, with renters dedicating less than two-thirds the typical national share to housing. At $516 monthly rent against a median household income of $67,568, this county combines low costs with above-average income stability.

Scotland County ranks among Missouri's best

Scotland County's 9.2% rent-to-income ratio substantially beats Missouri's 15.6% state average, placing it among the state's most affordable counties. The median income of $67,568 further strengthens housing affordability here.

Scotland County combines low rent and solid income

Scotland County's $516 rent undercuts the state median of $768 by nearly one-third, and its $67,568 median income tops most neighboring counties. This combination creates the region's strongest rental affordability profile.

Housing takes just 9.2% of household income

Scotland County renters allocate 9.2% of their $67,568 income to rent—less than $6,200 annually—leaving ample resources for utilities, savings, and discretionary spending. Home buyers encounter ownership costs of $809 monthly with median home values of $141,100, also highly accessible relative to income.

Scotland County balances affordability and income

Scotland County deserves serious consideration for relocating renters: $516 monthly rent, 9.2% rent-to-income ratio, and $67,568 median income create exceptional affordability without sacrificing income stability. This county combines the best of both worlds—cheap housing and earning power.

Affordability Calculator

See how your income compares to housing costs in Scotland County

Your Annual Household Income

Rent Burden

9.2%

of gross income

Max Housing (28% Rule)

$1,577

per month

Owner Cost Burden

14.4%

of gross income

You can likely afford the median home in Scotland County

Median home value is $141,100. Estimated monthly cost: $1,126 vs. your max of $1,577.

Rent Affordability Guide

Your rent-to-income ratio9.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Scotland County, Missouri?

Scotland County, Missouri has a median monthly rent of $516/mo and a median home value of $141,100. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.

What is the median rent in Scotland County?

The median gross rent in Scotland County is $516/mo. This is 33% below state average for Missouri.

Is Scotland County affordable?

Scotland County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Scotland County's rent compare to the state average?

Scotland County's median rent of $516/mo is 33% below state average of $768/mo for Missouri.

What is the median home value in Scotland County?

The median home value in Scotland County, Missouri is $141,100. This is 50% below the national median home value of $281,900.