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Cost of Living in Callaway County

Is it better to rent or buy in Callaway County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$71,197
$920/mo

Median in area: $920

$193,490

Median in area: $193,490

$38,698

If you Rent

🔑
$1,175 /mo
Base Rent$920
Est. Utilities$255
% of Income19.8%
Pre-tax Residual$4,758

If you Buy

🏠
$1,496 /mo
P&I (7.136%)$1,044
Taxes & Ins$197
Est. Utilities$255
% of Income25.2%
Pre-tax Residual$4,437

Compare Nearby Areas

See how Callaway County stacks up against neighboring areas.

countyCole County, MO
$879/mo
countyOsage County, MO
$662/mo
countyMontgomery County, MO
$814/mo
countyAudrain County, MO
$733/mo
countyBoone County, MO
$1,111/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Callaway County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Callaway County. The estimated all-in monthly cost for renting is $1,175, while owning a median-priced home with a 20% down payment is roughly $1,496 per month (a difference of $321).

How much do utilities cost in Callaway County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Callaway County is approximately $255. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Callaway County?›

To comfortably afford the median rent and utilities in Callaway County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $47,000 per year.