Washington, MO

Very Low · 66

Missouri · Population 14,948 · Updated March 2026

$846
Median Rent / Month
$78,510
Median Income
$217,500
Median Home Value
$1,011
Owner Costs / Month

Affordability

How far your income goes in Washington

12.9%
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

$10,152
Annual Rent
$3,886
State Income Tax
$2,023
Property Tax (est.)

Cost of Living Overview

Washington is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Washington residents can expect to pay median rent of $846/month while earning a median household income of $78,510/year.

The median home value in Washington, MO is $217,500, with typical monthly owner costs around $1,011 including mortgage, insurance, and taxes. The median rent-to-income ratio of 12.9% 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 Washington.

Frequently Asked Questions

Common questions about living costs in Washington

What is the cost of living in Washington, MO?
The cost of living index in Washington, MO is 66 (US average = 100). Median monthly rent is $846, median household income is $78,510/year, and the median home value is $217,500.
Is Washington, MO affordable?
Yes, Washington is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 12.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Washington, MO?
The median gross rent in Washington, MO is $846 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,152.
What is the median household income in Washington?
The median household income in Washington, MO is $78,510 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%.