Bolivar, MO

Very Low · 59

Missouri · Population 10,996 · Updated March 2026

$833
Median Rent / Month
$44,603
Median Income
$188,700
Median Home Value
$822
Owner Costs / Month

Affordability

How far your income goes in Bolivar

22.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Missouri

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
4.225%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$9,996
Annual Rent
$2,208
State Income Tax
$1,755
Property Tax (est.)

Cost of Living Overview

Bolivar is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), Bolivar residents can expect to pay median rent of $833/month while earning a median household income of $44,603/year.

The median home value in Bolivar, MO is $188,700, with typical monthly owner costs around $822 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Missouri has a moderate income tax rate of 4.95%. Combined with a 4.225% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bolivar.

Frequently Asked Questions

Common questions about living costs in Bolivar

What is the cost of living in Bolivar, MO?
The cost of living index in Bolivar, MO is 59 (US average = 100). Median monthly rent is $833, median household income is $44,603/year, and the median home value is $188,700.
Is Bolivar, MO affordable?
Yes, Bolivar is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 22.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bolivar, MO?
The median gross rent in Bolivar, MO is $833 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,996.
What is the median household income in Bolivar?
The median household income in Bolivar, MO is $44,603 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Missouri?
Missouri has a top income tax rate of 4.95%, a sales tax of 4.225%, and an effective property tax rate of 0.93%.