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)
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 Shannon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Shannon County ranks #297 of 3,142 counties for affordability (top 9%)
Sourced county brief
Median Selected Monthly Owner Costs in Shannon County Reach $674
The median selected monthly owner cost for all owner-occupied units in Shannon County, Missouri, was $674 according to ACS 2020-2024 5-Year Estimates. This value is $129 below the Missouri unweighted county mean of $803. The official median gross rent as a percentage of household income (GRAPI) was 24.0%, as reported in ACS table B25071. This rent-to-income percentage is 1.9 percentage points below the state unweighted county mean of 25.9%. The median gross rent in the county was estimated at $574 per month, compared to the state unweighted county mean of $783. Regarding property values, the median home value was $157,500, which is $18,212 less than the Missouri unweighted county mean of $175,712. Renter-household median income in the county was $35,369 during the 2020-2024 period. 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: Shannon County
Affordability Verdict
ACS B25071 estimates median gross rent at 24.0% of renter household income in Shannon 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 $574 per month; median selected monthly owner costs are $674. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $22,960 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. Shannon County's $574 median is 26.7% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Shannon County
Rent Burden
12.5%
of gross income
Max Housing (28% Rule)
$1,289
per month
Owner Cost Burden
14.6%
of gross income
You can likely afford the median home in Shannon County
Median home value is $157,500. Estimated monthly cost: $1,257 vs. your max of $1,289.
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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