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Cost of Living in Raymore, MO

Population 24,526 · Census ACS 2020–2024 5-year estimates

Median rent$1,303
Median home value$339,100
Median household income$104,447

The median rent in Raymore, MO is $1,303/month, 26% higher than the Missouri median and 8% lower than the U.S. median. The median home value is $339,100, about the same as the national median. Households earn a median of $104,447 a year, 48% higher than the state median.

Affordability

Rent as a share of median income: 15.0%
Income needed for median rent (30% rule): $52,120/yr
Home price-to-income ratio: 3.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,715/mo

Run your own numbers: mortgage calculator · hourly to salary

Raymore vs. Missouri vs. U.S.

RaymoreMissouriU.S.
Median rent$1,303$1,033$1,413
Median home value$339,100$230,300$332,700
Median household income$104,447$70,702$80,734
Homeownership rate78.2%68.1%65.2%
Bachelor's degree or higher36.2%32.4%35.7%
Poverty rate5.0%12.6%12.5%
Unemployment rate3.0%4.0%5.2%
Work from home15.1%13.0%15.1%
Median age41.139.038.9

FAQ

What is the average rent in Raymore, MO?

The median gross rent in Raymore, MO is $1,303 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Raymore, MO?

Using the common 30% rule, renting a median-priced home takes about $52,120 a year in gross income.

Is Raymore, MO expensive to live in?

Rent there is 8% lower than the U.S. median, and the median home costs about 3.2 times the median household income.

Other cities in Missouri

Kansas City, MORent $1,238 · Income $69,166St. Louis, MORent $997 · Income $56,160Springfield, MORent $964 · Income $49,311Columbia, MORent $1,097 · Income $66,498Independence, MORent $1,109 · Income $60,339Lee's Summit, MORent $1,422 · Income $102,531

Cities with a similar cost of living

Strongsville, OHRent $1,302 · Income $103,253Prairieville, LARent $1,324 · Income $104,923Okemos, MIRent $1,298 · Income $102,612Bethel Park, PARent $1,311 · Income $107,090O'Fallon, ILRent $1,332 · Income $105,982Edmond, OKRent $1,344 · Income $103,183

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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