States › Missouri › Shrewsbury

Is Shrewsbury, MO expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,44518% lower than U.S. average
💵 Families earn per year (2026)$87,096about $7,258/month · same as U.S. average
🔑 House price$269,80019% lower than U.S. average

Rent is lower than in 61% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $57,800 a year. That is $28 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 91 of 142 cities from cheapest to most expensive.

Shrewsbury
$1,445
Sullivan
$981
De Soto
$824
Battlefield
$1,152
Willard
$1,069
St. John
$979
Pevely
$968

How much do households earn in Shrewsbury?

Under $25k
12.2%
$25k–50k
14.5%
$50k–100k
41.6%
$100k–150k
18.1%
$150k+
10.0%

Share of households by yearly income. 28.1% of households earn $100,000 or more.

Rent by apartment size in Shrewsbury

SizeShrewsburyU.S. average
Studio$3,500+$1,338
1 bedroom$1,024$1,324
2 bedrooms$1,354$1,509
3 bedrooms$2,269$1,698

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

How expensive is Shrewsbury 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 Shrewsbury, so the Missouri figure is shown.

Taxes and bills in Shrewsbury

🏛️ Property tax$3,407a year · 1.26% of home value · U.S. $3,119
⚡ Electric bill$110a month (typical) · U.S. $156

Life in Shrewsbury

Commute to work20.3 minU.S.: 26.4 min
College degree54%U.S.: 35.7%
Own their home63%U.S.: 65.2%
Below poverty line10%U.S.: 12.5%
Unemployment3.4%U.S.: 5.2%

Is it cheaper to rent or buy in Shrewsbury?

Renting is cheaper right now: about $427 a month less.

Renting
$1,445
Owning
$1,872

Owning assumes a typical $269,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $26,980 for the down payment.

Frequently asked questions

What is the average rent in Shrewsbury, MO?

Renting in Shrewsbury costs a median of about $1,445 a month in 2026, including utilities. The Missouri median is $1,285.

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

To keep rent under 30% of income, you need about $57,800 a year, or $28 an hour at a full-time job.

Is Shrewsbury cheap or expensive?

Shrewsbury is rated Cheap: rent takes 19.9% of the typical household income of $87,096. It ranks 91st cheapest of 142 Missouri cities we track.

How much are property taxes in Shrewsbury?

The median homeowner in Shrewsbury pays $3,407 a year in property taxes, about 1.26% of the median home value.

Is Shrewsbury 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 Shrewsbury?

The median home value in Shrewsbury is $269,800, about 3.1 times the typical yearly household income.

6,316 people live in Shrewsbury. Numbers are typical (middle) values.