Quick facts: Lowry city, MO

Quick Facts

94.1
Cost of Living
below US average
632
Population
3.16
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$110,000
Median House Price
above US average
$1340
Average Rent
below US average
13%
Poverty Rate
above US average
3.0%
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 $50,000.

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Income Needed to Buy

βœ“ Affordable
$35k/year
Based on $110,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,000) exceeds requirement
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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 $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lowry city, MO

Lowry City is a small rural community located in St. Clair County, Missouri. With a population of around 1,000 residents, it offers a tight-knit, small-town atmosphere surrounded by natural beauty. The town is positioned near the northern end of Truman Lake, making it a popular spot for fishing, boating, and other outdoor activities. Lowry City features a quaint downtown area with local shops and eateries, providing a glimpse into the community's charm. The area is characterized by its friendly residents, agricultural landscapes, and a slower pace of life that appeals to those seeking tranquility away from urban hustle. The town hosts several annual events that bring the community together, including festivals and fairs, fostering a sense of belonging among residents. Lowry City also provides access to outdoor adventures, with nearby parks and recreation areas, making it a perfect spot for nature enthusiasts. Overall, Lowry City embodies the essence of rural Missouri living with its welcoming community and scenic surroundings.

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