Cost of Living in Independence, MO
Population 121,740 · Census ACS 2020–2024 5-year estimates
The median rent in Independence, MO is $1,109/month, 7% higher than the Missouri median and 22% lower than the U.S. median. The median home value is $172,900, 48% lower than the national median. Households earn a median of $60,339 a year, 15% lower than the state median.
Affordability
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Independence vs. Missouri vs. U.S.
| Independence | Missouri | U.S. | |
|---|---|---|---|
| Median rent | $1,109 | $1,033 | $1,413 |
| Median home value | $172,900 | $230,300 | $332,700 |
| Median household income | $60,339 | $70,702 | $80,734 |
| Homeownership rate | 60.9% | 68.1% | 65.2% |
| Bachelor's degree or higher | 21.9% | 32.4% | 35.7% |
| Poverty rate | 15.8% | 12.6% | 12.5% |
| Unemployment rate | 5.6% | 4.0% | 5.2% |
| Work from home | 12.3% | 13.0% | 15.1% |
| Median age | 39.0 | 39.0 | 38.9 |
FAQ
What is the average rent in Independence, MO?
The median gross rent in Independence, MO is $1,109 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Independence, MO?
Using the common 30% rule, renting a median-priced home takes about $44,360 a year in gross income.
Is Independence, MO expensive to live in?
Rent there is 22% lower than the U.S. median, and the median home costs about 2.9 times the median household income.
Other cities in Missouri
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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