Oakville, MO

Below Avg · 85

Missouri · Population 35,166 · Updated March 2026

$1,083
Median Rent / Month
$103,125
Median Income
$292,500
Median Home Value
$1,272
Owner Costs / Month

Affordability

How far your income goes in Oakville

12.6%
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

$12,996
Annual Rent
$5,105
State Income Tax
$2,720
Property Tax (est.)

Cost of Living Overview

Oakville offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Oakville residents can expect to pay median rent of $1,083/month while earning a median household income of $103,125/year.

The median home value in Oakville, MO is $292,500, with typical monthly owner costs around $1,272 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.6% 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 Oakville.

Frequently Asked Questions

Common questions about living costs in Oakville

What is the cost of living in Oakville, MO?
The cost of living index in Oakville, MO is 85 (US average = 100). Median monthly rent is $1,083, median household income is $103,125/year, and the median home value is $292,500.
Is Oakville, MO affordable?
Yes, Oakville is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 12.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oakville, MO?
The median gross rent in Oakville, MO is $1,083 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,996.
What is the median household income in Oakville?
The median household income in Oakville, MO is $103,125 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%.