Quick facts: Washington, MO

Quick Facts

94.1
Cost of Living
below US average
15,075
Population
24.61
Crime Rate per 1000
above US average
$75,127
Median Income
below US average
$369,900
Median House Price
above US average
$1270.83
Average Rent
below US average
8%
Poverty Rate
below US average
2.5%
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 $75,127.

🏠

Income Needed to Buy

βœ— Stretch
$116k/year
Based on $369,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $116k vs median $75,127
🏒

Income Needed to Rent

βœ“ Affordable
$54k/year
Based on $1270.83/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($75,127) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Washington, MO

Washington, Missouri, is a charming city located in Franklin County. Nestled along the Missouri River, it boasts a rich history dating back to its founding in 1839. Known for its picturesque landscapes, Washington features a mix of small-town charm and modern conveniences, making it an appealing place for residents and visitors alike. The city is characterized by its historic downtown area, where you can find a variety of boutiques, restaurants, and local shops, as well as beautiful architecture that reflects its historical roots. The annual events, such as the Washington Town and Country Fair, draw crowds and highlight the community spirit. Outdoor enthusiasts can explore the nearby Missouri River and several parks, including the scenic Washington Riverfront Trail, perfect for hiking, biking, or enjoying a leisurely stroll. Additionally, the area offers recreational opportunities like fishing and boating, enhancing its appeal for those who love the outdoors. With a friendly community and a vibrant local culture, Washington, MO, is an inviting destination for those looking to experience the heart of Missouri.

πŸ” Search & Compare Places

First Location πŸ“