Chesterfield, MO

Above Avg · 125

Missouri · Population 49,591 · Updated March 2026

$1,553
Median Rent / Month
$133,380
Median Income
$458,000
Median Home Value
$1,710
Owner Costs / Month

Affordability

How far your income goes in Chesterfield

14.0%
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

$18,636
Annual Rent
$6,602
State Income Tax
$4,259
Property Tax (est.)

Cost of Living Overview

Chesterfield has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 125 (where 100 equals the national median), Chesterfield residents can expect to pay median rent of $1,553/month while earning a median household income of $133,380/year.

The median home value in Chesterfield, MO is $458,000, with typical monthly owner costs around $1,710 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.0% 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 Chesterfield.

Frequently Asked Questions

Common questions about living costs in Chesterfield

What is the cost of living in Chesterfield, MO?
The cost of living index in Chesterfield, MO is 125 (US average = 100). Median monthly rent is $1,553, median household income is $133,380/year, and the median home value is $458,000.
Is Chesterfield, MO affordable?
No, Chesterfield is more expensive than the national average with a cost index of 125. The rent-to-income ratio is 14.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Chesterfield, MO?
The median gross rent in Chesterfield, MO is $1,553 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,636.
What is the median household income in Chesterfield?
The median household income in Chesterfield, MO is $133,380 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%.