Quick facts: Monett, MO

Quick Facts

94.1
Cost of Living
below US average
9,789
Population
25.33
Crime Rate per 1000
above US average
$42,635
Median Income
below US average
$209,900
Median House Price
above US average
$1274.29
Average Rent
below US average
15%
Poverty Rate
above US average
3.8%
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 $42,635.

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Income Needed to Buy

βœ— Stretch
$66k/year
Based on $209,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $66k vs median $42,635
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Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1274.29/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $42,635
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Monett, MO

Monett is a charming city located in both Barry and Lawrence counties in southwest Missouri. With a population of around 8,000 residents, it is known for its friendly atmosphere and community spirit. Monett is situated at the intersection of U.S. Routes 60 and 37, providing convenient access to neighboring cities like Springfield and Joplin. This picturesque town offers a blend of small-town charm and modern amenities. Outdoor enthusiasts can enjoy local parks, including the popular Monett Park, which features walking trails, sports facilities, and picnic areas. The city also hosts various annual events, celebrating its rich agricultural heritage and community spirit. Monett is home to a diverse economy, including agriculture, manufacturing, and retail. Its close-knit community is reflected in local festivals, farmers' markets, and a variety of dining options, including cozy cafes and family-owned restaurants. The educational institutions in Monett are well-regarded, making it an attractive place for families. Overall, Monett serves as a peaceful retreat for those looking to experience the heart of Missouri’s Ozarks while enjoying a supportive and inviting community environment.

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