Key Economic Benchmarks
Median Household Income
$74,176$6,181 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Callaway County, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Callaway County, MO
Official FY2026 HUD Fair Market Rents for Callaway County, MO HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $789 | $9,468 | $31,560 | 12.8% |
| 1-Bedroom Apartment | $794 | $9,528 | $31,760 | 12.8% |
| 2-Bedroom ApartmentBenchmark | $1,042 | $12,504 | $41,680 | 16.9% |
| 3-Bedroom Home | $1,249 | $14,988 | $49,960 | 20.2% |
| 4-Bedroom Home | $1,472 | $17,664 | $58,880 | 23.8% |
50/30/20 Living Budget in Callaway County, MO
Based on the local median household income of $74,176/year ($6,181/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Missouri
Explore net income after federal income tax, FICA, and Missouri state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Missouri with official federal datasets:
Frequently Asked Questions About Living in Callaway County, MO
What is the median household income in Callaway County, MO?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Callaway County, MO is $74,176 per year (approximately $6,181 per month).
What is the average rent in Callaway County, MO?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Callaway County, MO are $789 for a studio, $794 for 1 bedroom, $1,042 for 2 bedrooms, $1,249 for 3 bedrooms, and $1,472 for 4 bedrooms.
How does the cost of living in Callaway County, MO compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Callaway County, MO is 88.0 (12% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Callaway County, MO?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,042/month) in Callaway County, MO requires a minimum gross household income of $41,680 per year ($3,473 per month).
What is a balanced 50/30/20 monthly budget in Callaway County, MO?
For a typical household earning the median income of $74,176/year ($6,181/month) in Callaway County, MO, a balanced 50/30/20 budget allocates $3,091/month to essential needs (rent, utilities, groceries), $1,854/month to discretionary spending, and $1,236/month to savings and debt repayment.
What are typical electricity and utility costs in Callaway County, MO?
Residential electricity rates in Missouri average 16.2¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $146 per month.