Grandview, MO

Very Low · 66

Missouri · Population 25,821 · Updated March 2026

$1,007
Median Rent / Month
$53,431
Median Income
$171,200
Median Home Value
$1,048
Owner Costs / Month

Affordability

How far your income goes in Grandview

22.6%
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

$12,084
Annual Rent
$2,645
State Income Tax
$1,592
Property Tax (est.)

Cost of Living Overview

Grandview is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Grandview residents can expect to pay median rent of $1,007/month while earning a median household income of $53,431/year.

The median home value in Grandview, MO is $171,200, with typical monthly owner costs around $1,048 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.6% 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 Grandview.

Frequently Asked Questions

Common questions about living costs in Grandview

What is the cost of living in Grandview, MO?
The cost of living index in Grandview, MO is 66 (US average = 100). Median monthly rent is $1,007, median household income is $53,431/year, and the median home value is $171,200.
Is Grandview, MO affordable?
Yes, Grandview is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 22.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Grandview, MO?
The median gross rent in Grandview, MO is $1,007 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,084.
What is the median household income in Grandview?
The median household income in Grandview, MO is $53,431 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%.