Quick facts: Caruthersville, MO

Quick Facts

94.1
Cost of Living
below US average
5,295
Population
58.55
Crime Rate per 1000
above US average
$35,585
Median Income
below US average
$75,000
Median House Price
above US average
$500.0
Average Rent
below US average
20%
Poverty Rate
above US average
5.6%
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 $35,585.

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Income Needed to Buy

βœ“ Affordable
$24k/year
Based on $75,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($35,585) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$21k/year
Based on $500.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($35,585) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Caruthersville, MO

Caruthersville is a small city located in Pemiscot County, Missouri, near the southeastern corner of the state, close to the confluence of the Mississippi River and the Missouri state line. As of the 2020 census, Caruthersville had a population of around 5,300 residents, embodying a tight-knit community atmosphere. The city is known for its rich history as a transportation hub due to its proximity to the river, which facilitated trade and commerce in the early 20th century. It's also recognized for its involvement in agriculture, particularly in the cultivation of cotton and soybeans. Caruthersville features several local attractions, including the Riverfront Park, which offers scenic views of the Mississippi River and recreational opportunities. The annual Bootheel Youth Museum is a highlight, providing educational and engaging exhibits for families. The city also hosts the Great River Road, offering residents and visitors alike access to various outdoor activities and exploration of the rich cultural heritage of the region. Overall, Caruthersville represents a blend of historical significance and community spirit in the heart of the Bootheel region of Missouri.

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