Cost of Living in Osage Beach, MO

With a cost of living index of 79, Osage Beach, MO is a very affordable place to live. Living here is 21% cheaper than the national average and 5% above the Missouri state average of 75. Osage Beach is a small community of 4,715 residents.

Housing costs are the biggest factor in Osage Beach's cost of living. The median monthly rent is $780 (41% below the US median of $1,319), and the median home value sits at $286,800 (6% below the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Osage Beach is $52,067, which is 31% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.