Housing costs in Independence?
A typical home costs
$178,800, which is 47.1% less expensive than the national average of
$338,100 and 15.8% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Independence costs
$1,040 per month, which is 27.3% cheaper than the national average of
$1,430 and 8.7% more than the state average of
$950.
Can I afford Independence?
To live comfortably in Independence, Missouri, a minimum annual income of
$34,200 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Independence?
Independence, MO has a very reasonable cost of living that benefits those on a limited budget or who want to save money spent on daily expenses such as food and housing. The median home value sits at $116K while rent stands at $612 per month - both significantly lower than nationwide averages. Similarly, groceries stand 1% below national levels and sales tax comes in just below Missouri's average at 7%.