Marshall, MO

Very Low · 53

Missouri · Population 13,699 · Updated March 2026

$769
Median Rent / Month
$54,815
Median Income
$145,900
Median Home Value
$846
Owner Costs / Month

Affordability

How far your income goes in Marshall

16.8%
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

$9,228
Annual Rent
$2,713
State Income Tax
$1,357
Property Tax (est.)

Cost of Living Overview

Marshall is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 53 (where 100 equals the national median), Marshall residents can expect to pay median rent of $769/month while earning a median household income of $54,815/year.

The median home value in Marshall, MO is $145,900, with typical monthly owner costs around $846 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.8% 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 Marshall.

Frequently Asked Questions

Common questions about living costs in Marshall

What is the cost of living in Marshall, MO?
The cost of living index in Marshall, MO is 53 (US average = 100). Median monthly rent is $769, median household income is $54,815/year, and the median home value is $145,900.
Is Marshall, MO affordable?
Yes, Marshall is more affordable than the national average with a cost index of 53. The rent-to-income ratio is 16.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Marshall, MO?
The median gross rent in Marshall, MO is $769 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,228.
What is the median household income in Marshall?
The median household income in Marshall, MO is $54,815 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%.