Quick facts: Miller, MO

Quick Facts

94.1
Cost of Living
below US average
25,403
Population
1.38
Crime Rate per 1000
below US average
$53,490
Median Income
below US average
$287,000
Median House Price
above US average
$1340
Average Rent
below US average
10%
Poverty Rate
below 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 $53,490.

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Income Needed to Buy

βœ— Stretch
$90k/year
Based on $287,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $90k vs median $53,490
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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 $53,490
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Miller, MO

Miller, Missouri, is a small city located in Lawrence County, nestled in the southwestern part of the state. Known for its rural charm, Miller offers a tight-knit community atmosphere with a population of around 1,500 residents. The city is characterized by picturesque landscapes and a laid-back lifestyle, making it an appealing spot for those seeking tranquility away from urban hustle. Miller is conveniently situated near major highways, providing easy access to larger towns and cities in the region, such as Springfield. The area features local parks, community events, and schools that cater to its residents. Outdoor enthusiasts can enjoy nearby recreational activities, including fishing and hiking in the surrounding natural areas. The city's history is highlighted by its small-town roots and agricultural background, with local businesses that reflect the community's character. Miller also hosts various events and festivals throughout the year, bringing together residents and visitors to celebrate local culture and heritage. Overall, Miller, MO, represents the essence of rural Midwestern life, with friendly neighbors and a strong sense of community.

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