Cost of Living in Lee's Summit, MO
Population 103,656 · Census ACS 2020–2024 5-year estimates
The median rent in Lee's Summit, MO is $1,422/month, 38% higher than the Missouri median and about the same as the U.S. median. The median home value is $340,900, 2% higher than the national median. Households earn a median of $102,531 a year, 45% higher than the state median.
Affordability
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Lee's Summit vs. Missouri vs. U.S.
| Lee's Summit | Missouri | U.S. | |
|---|---|---|---|
| Median rent | $1,422 | $1,033 | $1,413 |
| Median home value | $340,900 | $230,300 | $332,700 |
| Median household income | $102,531 | $70,702 | $80,734 |
| Homeownership rate | 73.4% | 68.1% | 65.2% |
| Bachelor's degree or higher | 48.8% | 32.4% | 35.7% |
| Poverty rate | 5.7% | 12.6% | 12.5% |
| Unemployment rate | 3.8% | 4.0% | 5.2% |
| Work from home | 20.8% | 13.0% | 15.1% |
| Median age | 38.8 | 39.0 | 38.9 |
FAQ
What is the average rent in Lee's Summit, MO?
The median gross rent in Lee's Summit, MO is $1,422 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Lee's Summit, MO?
Using the common 30% rule, renting a median-priced home takes about $56,880 a year in gross income.
Is Lee's Summit, MO expensive to live in?
Rent there is about the same as the U.S. median, and the median home costs about 3.3 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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