Grain Valley, MO

Average · 95

Missouri · Population 15,967 · Updated March 2026

$1,366
Median Rent / Month
$87,266
Median Income
$269,800
Median Home Value
$1,493
Owner Costs / Month

Affordability

How far your income goes in Grain Valley

18.8%
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

$16,392
Annual Rent
$4,320
State Income Tax
$2,509
Property Tax (est.)

Cost of Living Overview

Grain Valley has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 95 (where 100 equals the national median), Grain Valley residents can expect to pay median rent of $1,366/month while earning a median household income of $87,266/year.

The median home value in Grain Valley, MO is $269,800, with typical monthly owner costs around $1,493 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.8% 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 Grain Valley.

Frequently Asked Questions

Common questions about living costs in Grain Valley

What is the cost of living in Grain Valley, MO?
The cost of living index in Grain Valley, MO is 95 (US average = 100). Median monthly rent is $1,366, median household income is $87,266/year, and the median home value is $269,800.
Is Grain Valley, MO affordable?
Yes, Grain Valley is more affordable than the national average with a cost index of 95. The rent-to-income ratio is 18.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Grain Valley, MO?
The median gross rent in Grain Valley, MO is $1,366 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,392.
What is the median household income in Grain Valley?
The median household income in Grain Valley, MO is $87,266 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%.