States › Missouri › Marshall

Is Marshall, MO expensive to live in?

OKRent takes 27 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,33624% lower than U.S. average
💵 Families earn per year (2026)$58,710about $4,893/month · 33% lower than U.S. average
🔑 House price$147,90056% lower than U.S. average

Rent is lower than in 67% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 14.5 minutes.

How much money do I need?

To rent here comfortably, you should earn about $53,440 a year. That is $26 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

No. Rent here is more expensive than in most of Missouri. It is number 78 of 142 cities from cheapest to most expensive.

Marshall
$1,336
Troy
$1,084
Moberly
$998
Dardenne Prairie
$1,597
Neosho
$1,181
Webb City
$1,125
Festus
$1,020

How much do households earn in Marshall?

Under $25k
20.8%
$25k–50k
27.8%
$50k–100k
32.6%
$100k–150k
10.2%
$150k+
3.5%

Share of households by yearly income. 13.7% of households earn $100,000 or more.

Rent by apartment size in Marshall

SizeMarshallU.S. average
1 bedroom$451$1,324
2 bedrooms$869$1,509
3 bedrooms$1,219$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Marshall overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Marshall, so the Missouri figure is shown.

Taxes and bills in Marshall

🏛️ Property tax$1,236a year · 0.84% of home value · U.S. $3,119
⚡ Electric bill$198a month (typical) · U.S. $156

Life in Marshall

Commute to work14.5 minU.S.: 26.4 min
College degree25.4%U.S.: 35.7%
Own their home65.4%U.S.: 65.2%
Below poverty line17.1%U.S.: 12.5%
Unemployment4.1%U.S.: 5.2%

Is it cheaper to rent or buy in Marshall?

Buying is cheaper month to month: about $310 a month less than renting.

Renting
$1,336
Owning
$1,026

Owning assumes a typical $147,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $14,790 for the down payment.

Frequently asked questions

What is the average rent in Marshall, MO?

Renting in Marshall costs a median of about $1,336 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Marshall?

To keep rent under 30% of income, you need about $53,440 a year, or $26 an hour at a full-time job.

Is Marshall cheap or expensive?

Marshall is rated OK: rent takes 27.3% of the typical household income of $58,710. It ranks 78th cheapest of 142 Missouri cities we track.

How much are property taxes in Marshall?

The median homeowner in Marshall pays $1,236 a year in property taxes, about 0.84% of the median home value.

Is Marshall more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Marshall?

The median home value in Marshall is $147,900, about 2.5 times the typical yearly household income.

13,739 people live in Marshall. Numbers are typical (middle) values.