Cost of Living in Columbia, Missouri
In Columbia, the median household income is $66,498 and the median gross rent is $1,097/mo, with a median home value of $284,600. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $66,498
- Median gross rent
- $1,097/mo
- Median home value
- $284,600
- Population
- 128,548
How Columbia compares to the Missouri average
| Measure | Columbia, MO | Missouri statewide | Difference |
|---|---|---|---|
| Median household income | $66,498 | $70,702 | -5.9% |
| Median gross rent (monthly) | $1,097 | $1,033 | +6.2% |
| Median home value | $284,600 | $230,300 | +23.6% |
Statewide, Missouri prices average 90.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Columbia
- Salary needed for median rent
- $43,880
- Rent burden at median income
- 19.8%
- Est. affordable home price
- $242,580
So that $1,097/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Columbia is $284,600 — +17.3% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Missouri cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.