Quick facts: Climax springs, MO

Quick Facts

94.1
Cost of Living
below US average
141
Population
85.11
Crime Rate per 1000
above US average
$51,667
Median Income
below US average
$305,000
Median House Price
above US average
$1340
Average Rent
below US average
12%
Poverty Rate
above US average
3.2%
Unemployment Rate
below 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 $51,667.

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Income Needed to Buy

βœ— Stretch
$96k/year
Based on $305,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $96k vs median $51,667
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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 $51,667
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Climax springs, MO

Climax Springs is a quaint village located in Camden County, Missouri, nestled near the scenic Lake of the Ozarks. This small community, primarily residential, offers a peaceful rural atmosphere with a population of around 200 residents. The area is known for its natural beauty, recreational opportunities, and outdoor activities, making it an attractive destination for visitors looking to escape the hustle and bustle of city life. Climax Springs provides access to water activities such as fishing, boating, and swimming, particularly at the nearby lake. The region is also characterized by picturesque landscapes, including rolling hills and dense forests, providing excellent hiking and wildlife observation opportunities. Local amenities are limited, but residents and visitors can find small businesses and services that cater to basic needs. The nearby larger towns offer more extensive shopping, dining, and entertainment options. With its close-knit community vibe and abundance of outdoor recreation, Climax Springs is a hidden gem for those seeking tranquility in the heart of Missouri's Ozarks.

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