Key Economic Benchmarks
Median Household Income
$52,097$4,341 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Joplin, MO
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Joplin, MO
Official FY2026 HUD Fair Market Rents for Joplin, 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 | $760 | $9,120 | $30,400 | 17.5% |
| 1-Bedroom Apartment | $765 | $9,180 | $30,600 | 17.6% |
| 2-Bedroom ApartmentBenchmark | $947 | $11,364 | $37,880 | 21.8% |
| 3-Bedroom Home | $1,237 | $14,844 | $49,480 | 28.5% |
| 4-Bedroom Home | $1,285 | $15,420 | $51,400 | 29.6% |
50/30/20 Living Budget in Joplin, MO
Based on the local median household income of $52,097/year ($4,341/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 Joplin, MO
What is the median household income in Joplin, MO?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Joplin, MO is $52,097 per year (approximately $4,341 per month).
What is the average rent in Joplin, MO?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Joplin, MO are $760 for a studio, $765 for 1 bedroom, $947 for 2 bedrooms, $1,237 for 3 bedrooms, and $1,285 for 4 bedrooms.
How does the cost of living in Joplin, MO compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Joplin, MO is 85.7 (14.3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Joplin, MO?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($947/month) in Joplin, MO requires a minimum gross household income of $37,880 per year ($3,157 per month).
What is a balanced 50/30/20 monthly budget in Joplin, MO?
For a typical household earning the median income of $52,097/year ($4,341/month) in Joplin, MO, a balanced 50/30/20 budget allocates $2,171/month to essential needs (rent, utilities, groceries), $1,302/month to discretionary spending, and $868/month to savings and debt repayment.
What are typical electricity and utility costs in Joplin, 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.