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Cost of Living in Cape Girardeau, MO

Population 40,344 · Census ACS 2020–2024 5-year estimates

Median rent$876
Median home value$196,300
Median household income$55,658

The median rent in Cape Girardeau, MO is $876/month, 15% lower than the Missouri median and 38% lower than the U.S. median. The median home value is $196,300, 41% lower than the national median. Households earn a median of $55,658 a year, 21% lower than the state median.

Affordability

Rent as a share of median income: 18.9%
Income needed for median rent (30% rule): $35,040/yr
Home price-to-income ratio: 3.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $993/mo

Run your own numbers: mortgage calculator · hourly to salary

Cape Girardeau vs. Missouri vs. U.S.

Cape GirardeauMissouriU.S.
Median rent$876$1,033$1,413
Median home value$196,300$230,300$332,700
Median household income$55,658$70,702$80,734
Homeownership rate54.0%68.1%65.2%
Bachelor's degree or higher34.9%32.4%35.7%
Poverty rate20.8%12.6%12.5%
Unemployment rate2.6%4.0%5.2%
Work from home7.9%13.0%15.1%
Median age34.539.038.9

FAQ

What is the average rent in Cape Girardeau, MO?

The median gross rent in Cape Girardeau, MO is $876 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Cape Girardeau, MO?

Using the common 30% rule, renting a median-priced home takes about $35,040 a year in gross income.

Is Cape Girardeau, MO expensive to live in?

Rent there is 38% lower than the U.S. median, and the median home costs about 3.5 times the median household income.

Other cities in Missouri

Kansas City, MORent $1,238 · Income $69,166St. Louis, MORent $997 · Income $56,160Springfield, MORent $964 · Income $49,311Columbia, MORent $1,097 · Income $66,498Independence, MORent $1,109 · Income $60,339Lee's Summit, MORent $1,422 · Income $102,531

Cities with a similar cost of living

Albertville, ALRent $872 · Income $56,099Winona, MNRent $882 · Income $56,337Fort Smith, ARRent $884 · Income $54,816Conway, SCRent $866 · Income $56,650Massillon, OHRent $862 · Income $56,446Eagle Pass, TXRent $880 · Income $57,207

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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