Quick facts: Butler, MO

Quick Facts

94.1
Cost of Living
below US average
4,246
Population
39.8
Crime Rate per 1000
above US average
$33,548
Median Income
below US average
$229,000
Median House Price
above US average
$1340
Average Rent
below US average
14%
Poverty Rate
above US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $33,548.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $229,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $33,548
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Income Needed to Rent

⚠ Stretch
$57k/year
Based on $1340/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $57k vs median $33,548
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Butler, MO

Butler, Missouri, is a small city located in Bates County in the western part of the state. With a population of around 4,000 residents, it offers a tight-knit community feel. Founded in the late 19th century, Butler is rich in history, exemplified by its charming downtown area featuring historic buildings and local shops. The city is strategically located near major highways, providing easy access to larger cities while maintaining its small-town charm. Outdoor enthusiasts can enjoy nearby camping, fishing, and hiking opportunities, particularly at the nearby lakes and wooded areas. Butler is also known for hosting events and festivals throughout the year, enhancing community spirit and engagement. In terms of amenities, residents have access to schools, parks, and healthcare facilities. The local economy is primarily driven by agriculture, retail, and small businesses. Overall, Butler offers a peaceful way of life, with a blend of rural and small-town characteristics, making it a welcoming place for families and individuals alike.

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