Cost of Living in St. Louis, Missouri
In St. Louis, the median household income is $56,160 and the median gross rent is $997/mo, with a median home value of $197,500. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $56,160
- Median gross rent
- $997/mo
- Median home value
- $197,500
- Population
- 288,512
How St. Louis compares to the Missouri average
| Measure | St. Louis, MO | Missouri statewide | Difference |
|---|---|---|---|
| Median household income | $56,160 | $70,702 | -20.6% |
| Median gross rent (monthly) | $997 | $1,033 | -3.5% |
| Median home value | $197,500 | $230,300 | -14.2% |
Statewide, Missouri prices average 90.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in St. Louis
- Salary needed for median rent
- $39,880
- Rent burden at median income
- 21.3%
- Est. affordable home price
- $204,868
So that $997/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 St. Louis is $197,500 — within 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.