Cost of Living in Wyatt, MO

With a cost of living index of 56, Wyatt, MO is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 19% below the Missouri state average of 75. Wyatt is a small community of 233 residents.

Housing costs are the biggest factor in Wyatt's cost of living. The median monthly rent is $695 (47% below the US median of $1,319), and the median home value sits at $37,100 (88% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Wyatt is $21,875, which is 71% lower than the national median of $75,149. Residents spend roughly 38% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.