Spanish Lake, MO

Very Low · 63

Missouri · Population 18,183 · Updated March 2026

$1,073
Median Rent / Month
$51,125
Median Income
$121,300
Median Home Value
$1,071
Owner Costs / Month

Affordability

How far your income goes in Spanish Lake

25.2%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$12,876
Annual Rent
$2,531
State Income Tax
$1,128
Property Tax (est.)

Cost of Living Overview

Spanish Lake is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 63 (where 100 equals the national median), Spanish Lake residents can expect to pay median rent of $1,073/month while earning a median household income of $51,125/year.

The median home value in Spanish Lake, MO is $121,300, with typical monthly owner costs around $1,071 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.2%, Spanish Lake falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Spanish Lake.

Frequently Asked Questions

Common questions about living costs in Spanish Lake

What is the cost of living in Spanish Lake, MO?
The cost of living index in Spanish Lake, MO is 63 (US average = 100). Median monthly rent is $1,073, median household income is $51,125/year, and the median home value is $121,300.
Is Spanish Lake, MO affordable?
Yes, Spanish Lake is more affordable than the national average with a cost index of 63. The rent-to-income ratio is 25.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Spanish Lake, MO?
The median gross rent in Spanish Lake, MO is $1,073 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,876.
What is the median household income in Spanish Lake?
The median household income in Spanish Lake, MO is $51,125 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%.