University, MO

Average · 91

Missouri · Population 34,655 · Updated March 2026

$1,265
Median Rent / Month
$76,466
Median Income
$285,100
Median Home Value
$1,347
Owner Costs / Month

Affordability

How far your income goes in University

19.9%
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

$15,180
Annual Rent
$3,785
State Income Tax
$2,651
Property Tax (est.)

Cost of Living Overview

University offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 91 (where 100 equals the national median), University residents can expect to pay median rent of $1,265/month while earning a median household income of $76,466/year.

The median home value in University, MO is $285,100, with typical monthly owner costs around $1,347 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% 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 University.

Frequently Asked Questions

Common questions about living costs in University

What is the cost of living in University, MO?
The cost of living index in University, MO is 91 (US average = 100). Median monthly rent is $1,265, median household income is $76,466/year, and the median home value is $285,100.
Is University, MO affordable?
Yes, University is more affordable than the national average with a cost index of 91. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in University, MO?
The median gross rent in University, MO is $1,265 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,180.
What is the median household income in University?
The median household income in University, MO is $76,466 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%.