Excelsior Springs, MO

Very Low · 62

Missouri · Population 10,502 · Updated March 2026

$907
Median Rent / Month
$74,056
Median Income
$174,000
Median Home Value
$989
Owner Costs / Month

Affordability

How far your income goes in Excelsior Springs

14.7%
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

$10,884
Annual Rent
$3,666
State Income Tax
$1,618
Property Tax (est.)

Cost of Living Overview

Excelsior Springs is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 62 (where 100 equals the national median), Excelsior Springs residents can expect to pay median rent of $907/month while earning a median household income of $74,056/year.

The median home value in Excelsior Springs, MO is $174,000, with typical monthly owner costs around $989 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.7% 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 Excelsior Springs.

Frequently Asked Questions

Common questions about living costs in Excelsior Springs

What is the cost of living in Excelsior Springs, MO?
The cost of living index in Excelsior Springs, MO is 62 (US average = 100). Median monthly rent is $907, median household income is $74,056/year, and the median home value is $174,000.
Is Excelsior Springs, MO affordable?
Yes, Excelsior Springs is more affordable than the national average with a cost index of 62. The rent-to-income ratio is 14.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Excelsior Springs, MO?
The median gross rent in Excelsior Springs, MO is $907 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,884.
What is the median household income in Excelsior Springs?
The median household income in Excelsior Springs, MO is $74,056 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%.