Cost of Living in Shannon County, Missouri
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Shannon County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Shannon County, Missouri
Shannon County offers solid rental affordability
Shannon County's rent-to-income ratio of 10.3% sits well below national averages, with renters spending a modest share of their income on housing. At $509 monthly rent against a median household income of $59,000, this county provides meaningful affordability advantages.
Shannon County beats Missouri's state average
Shannon County's 10.3% rent-to-income ratio significantly underperforms Missouri's 15.6% state average, placing it among the state's more affordable counties. The combination of low rent and respectable income creates strong housing value.
Shannon County combines low rent and fair income
Shannon County's $509 rent ranks among the state's lowest at two-thirds the state median of $768, while its $59,000 median income competes respectably with neighboring counties. The 10.3% rent-to-income ratio reflects this favorable balance.
Housing takes 10.3% of household income
Shannon County renters allocate just 10.3% of their $59,000 income to rent—approximately $6,100 annually—preserving substantial funds for other necessities and savings. Home buyers encounter ownership costs of $676 monthly with median values near $151,000, also highly accessible.
Shannon County offers excellent value positioning
Shannon County combines the affordability advantages of rural Missouri with reasonable income levels: $509 rent, 10.3% rent-to-income ratio, and $59,000 median income create a favorable relocation option. Consider it if you value low housing costs without sacrificing as much earning potential as the state's cheapest counties demand.
Affordability Calculator
See how your income compares to housing costs in Shannon County
Rent Burden
10.4%
of gross income
Max Housing (28% Rule)
$1,377
per month
Owner Cost Burden
13.7%
of gross income
You can likely afford the median home in Shannon County
Median home value is $151,000. Estimated monthly cost: $1,205 vs. your max of $1,377.
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.