Quick facts: Carthage, MO

Quick Facts

94.1
Cost of Living
below US average
15,491
Population
23.82
Crime Rate per 1000
above US average
$43,526
Median Income
below US average
$265,000
Median House Price
above US average
$980.0
Average Rent
below US average
14%
Poverty Rate
above US average
4.5%
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 $43,526.

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Income Needed to Buy

βœ— Stretch
$83k/year
Based on $265,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $43,526
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $980.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($43,526) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Carthage, MO

Carthage, Missouri, is a charming city located in Jasper County in the southwestern part of the state. Known as the "Granite City," Carthage is rich in history and offers a pleasant blend of small-town charm and modern amenities. The city was founded in the 1840s and features several historic sites, including the 1857 Carthage Courthouse, which is listed on the National Register of Historic Places. Carthage is also famously known for its role in early Route 66, making it a nostalgic stop for road-trippers. The town boasts beautiful parks, including the popular Central Park, which hosts various community events and activities. The city's vibrant downtown area features a variety of local shops, restaurants, and art galleries, providing a lively atmosphere for residents and visitors alike. Annually, Carthage hosts several events, including the Maple Leaf Festival, drawing crowds to celebrate the fall season with food, crafts, and entertainment. With its welcoming community and rich history, Carthage offers a delightful experience for anyone looking to explore southwestern Missouri.

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