Neosho, MO

Very Low · 51

Missouri · Population 12,857 · Updated March 2026

$737
Median Rent / Month
$55,159
Median Income
$148,600
Median Home Value
$799
Owner Costs / Month

Affordability

How far your income goes in Neosho

16.0%
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

$8,844
Annual Rent
$2,730
State Income Tax
$1,382
Property Tax (est.)

Cost of Living Overview

Neosho is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 51 (where 100 equals the national median), Neosho residents can expect to pay median rent of $737/month while earning a median household income of $55,159/year.

The median home value in Neosho, MO is $148,600, with typical monthly owner costs around $799 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.0% 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 Neosho.

Frequently Asked Questions

Common questions about living costs in Neosho

What is the cost of living in Neosho, MO?
The cost of living index in Neosho, MO is 51 (US average = 100). Median monthly rent is $737, median household income is $55,159/year, and the median home value is $148,600.
Is Neosho, MO affordable?
Yes, Neosho is more affordable than the national average with a cost index of 51. The rent-to-income ratio is 16.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Neosho, MO?
The median gross rent in Neosho, MO is $737 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,844.
What is the median household income in Neosho?
The median household income in Neosho, MO is $55,159 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%.