Mexico, MO

Very Low · 45

Missouri · Population 11,487 · Updated March 2026

$706
Median Rent / Month
$48,873
Median Income
$117,600
Median Home Value
$704
Owner Costs / Month

Affordability

How far your income goes in Mexico

17.3%
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

$8,472
Annual Rent
$2,419
State Income Tax
$1,094
Property Tax (est.)

Cost of Living Overview

Mexico is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 45 (where 100 equals the national median), Mexico residents can expect to pay median rent of $706/month while earning a median household income of $48,873/year.

The median home value in Mexico, MO is $117,600, with typical monthly owner costs around $704 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.3% 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 Mexico.

Frequently Asked Questions

Common questions about living costs in Mexico

What is the cost of living in Mexico, MO?
The cost of living index in Mexico, MO is 45 (US average = 100). Median monthly rent is $706, median household income is $48,873/year, and the median home value is $117,600.
Is Mexico, MO affordable?
Yes, Mexico is more affordable than the national average with a cost index of 45. The rent-to-income ratio is 17.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Mexico, MO?
The median gross rent in Mexico, MO is $706 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,472.
What is the median household income in Mexico?
The median household income in Mexico, MO is $48,873 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%.