Smithville, MO

Below Avg · 84

Missouri · Population 10,552 · Updated March 2026

$977
Median Rent / Month
$99,925
Median Income
$272,500
Median Home Value
$1,516
Owner Costs / Month

Affordability

How far your income goes in Smithville

11.7%
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

$11,724
Annual Rent
$4,946
State Income Tax
$2,534
Property Tax (est.)

Cost of Living Overview

Smithville is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 84 (where 100 equals the national median), Smithville residents can expect to pay median rent of $977/month while earning a median household income of $99,925/year.

The median home value in Smithville, MO is $272,500, with typical monthly owner costs around $1,516 including mortgage, insurance, and taxes. The median rent-to-income ratio of 11.7% 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 Smithville.

Frequently Asked Questions

Common questions about living costs in Smithville

What is the cost of living in Smithville, MO?
The cost of living index in Smithville, MO is 84 (US average = 100). Median monthly rent is $977, median household income is $99,925/year, and the median home value is $272,500.
Is Smithville, MO affordable?
Yes, Smithville is more affordable than the national average with a cost index of 84. The rent-to-income ratio is 11.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Smithville, MO?
The median gross rent in Smithville, MO is $977 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,724.
What is the median household income in Smithville?
The median household income in Smithville, MO is $99,925 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%.