Lemay, MO

Very Low · 57

Missouri · Population 16,431 · Updated March 2026

$879
Median Rent / Month
$59,026
Median Income
$139,100
Median Home Value
$964
Owner Costs / Month

Affordability

How far your income goes in Lemay

17.9%
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

$10,548
Annual Rent
$2,922
State Income Tax
$1,294
Property Tax (est.)

Cost of Living Overview

Lemay is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 57 (where 100 equals the national median), Lemay residents can expect to pay median rent of $879/month while earning a median household income of $59,026/year.

The median home value in Lemay, MO is $139,100, with typical monthly owner costs around $964 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.9% 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 Lemay.

Frequently Asked Questions

Common questions about living costs in Lemay

What is the cost of living in Lemay, MO?
The cost of living index in Lemay, MO is 57 (US average = 100). Median monthly rent is $879, median household income is $59,026/year, and the median home value is $139,100.
Is Lemay, MO affordable?
Yes, Lemay is more affordable than the national average with a cost index of 57. The rent-to-income ratio is 17.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lemay, MO?
The median gross rent in Lemay, MO is $879 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,548.
What is the median household income in Lemay?
The median household income in Lemay, MO is $59,026 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%.