salaryRent is lower than in 70% of U.S. cities. That makes it a rare mix of above-average pay and below-average rent. A typical house costs about 3.1 years of household income. Most homes (82.3%) are owned, so rentals can be hard to find. It is a highly educated city: 72% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $51,400 a year. That is $25 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 72 of 142 cities from cheapest to most expensive.
How much do households earn in Parkville?
Share of households by yearly income. 63.4% of households earn $100,000 or more.
Rent by apartment size in Parkville
| Size | Parkville | U.S. average |
|---|---|---|
| 1 bedroom | $1,172 | $1,324 |
| 2 bedrooms | $1,260 | $1,509 |
| 3 bedrooms | $2,286 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Parkville overall?
Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Parkville, so the Missouri figure is shown.
Taxes and bills in Parkville
Life in Parkville
Is it cheaper to rent or buy in Parkville?
Renting is cheaper right now: about $2,694 a month less.
Owning assumes a typical $573,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $57,350 for the down payment.
Frequently asked questions
What is the average rent in Parkville, MO?
Renting in Parkville costs a median of about $1,285 a month in 2026, including utilities. The Missouri median is $1,285.
How much do I need to make to live in Parkville?
To keep rent under 30% of income, you need about $51,400 a year, or $25 an hour at a full-time job.
Is Parkville cheap or expensive?
Parkville is rated Cheap: rent takes 8.3% of the typical household income of $184,716. It ranks 72nd cheapest of 142 Missouri cities we track.
How much are property taxes in Parkville?
The median homeowner in Parkville pays $7,068 a year in property taxes, about 1.23% of the median home value.
Is Parkville 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 Parkville?
The median home value in Parkville is $573,500, about 3.1 times the typical yearly household income.
8,366 people live in Parkville. Numbers are typical (middle) values.