Cobalt, MO
Population 318 · Missouri
About Cobalt, MO
Cobalt is a small community located in Missouri with a population of 318 residents according to the latest US Census Bureau American Community Survey data. The median household income is $28,542 per year, which is 62% below the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Cobalt features a median home value of $76,700, which is 69% below the national median of $244,900. This makes Cobalt one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $816, 30% below the national average of $1,163/month. Of the 133 total housing units, 57% are owner-occupied (70 units) and 43% are renter-occupied (52 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Cobalt shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 33.3%, above the national average of 12.4%. Workers in Cobalt have an average one-way commute time of 16.7 minutes, one of the shorter commutes in the region.
Education & Demographics
4.2% of Cobalt residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 11.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Cobalt, MO
Compared to national averages, Cobalt has a median household income of $28,542 (62% below the national median of $75,149). Home values average $76,700, which is 69% below the national median. Monthly rent at $816 is 30% below the US average of $1,163. Within Missouri, Cobalt's income is 53% below the state average of $61,047, and home values are 49% below the state median of $150,786.
Why Live in Cobalt, MO?
Cobalt offers affordable housing with a median home value of $76,700, below the US average of $244,900, and rent that’s lower than the national average at $816/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features short commute times averaging just 16.7 minutes.
Potential considerations include median household income ($28,542) that falls below the national average. However, Cobalt’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Cobalt has a population of 318 with a median age of 37.5 years. Compare Cobalt with other cities to see how it stacks up, or explore all cities in Missouri.
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Demographics
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Economy & Education
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Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cobalt
What is the population of Cobalt, MO?
The population of Cobalt, MO is 318 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Cobalt?
The median household income in Cobalt, MO is $28,542 per year, which is 62% below the national median of $75,149.
What is the median home value in Cobalt?
The median home value in Cobalt, MO is $76,700, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cobalt?
The median monthly rent in Cobalt, MO is $816, which is 30% below the national average of $1,163/month.
What is the unemployment rate in Cobalt?
The unemployment rate in Cobalt, MO is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cobalt, MO a good place to live?
Cobalt offers a moderate cost of living, affordable housing, and a strong job market. With a population of 318 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Cobalt, MO?
4.2% of residents in Cobalt aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Cobalt?
Key cost-of-living indicators for Cobalt, MO: median home value is $76,700 (69% below national), median rent is $816/month, and median household income is $28,542. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cobalt?
The poverty rate in Cobalt, MO is 33.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Cobalt, MO?
Cobalt's population is 0.0% White, 11.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.