Fulton, MO

Very Low · 55

Missouri · Population 12,611 · Updated March 2026

$831
Median Rent / Month
$55,015
Median Income
$144,500
Median Home Value
$864
Owner Costs / Month

Affordability

How far your income goes in Fulton

18.1%
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

$9,972
Annual Rent
$2,723
State Income Tax
$1,344
Property Tax (est.)

Cost of Living Overview

Fulton is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Fulton residents can expect to pay median rent of $831/month while earning a median household income of $55,015/year.

The median home value in Fulton, MO is $144,500, with typical monthly owner costs around $864 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.1% 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 Fulton.

Frequently Asked Questions

Common questions about living costs in Fulton

What is the cost of living in Fulton, MO?
The cost of living index in Fulton, MO is 55 (US average = 100). Median monthly rent is $831, median household income is $55,015/year, and the median home value is $144,500.
Is Fulton, MO affordable?
Yes, Fulton is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 18.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fulton, MO?
The median gross rent in Fulton, MO is $831 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,972.
What is the median household income in Fulton?
The median household income in Fulton, MO is $55,015 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%.