According to the most recent data on the cost of living, Independence has an overall cost of living index of 90 which is 0.9x lower than the national index of 100.
Compared to only Missouri, Independence has a cost of living index that's 1.0x lower than Missouri's index of 91.
The standard of living in Independence ranks as #1,706 most affordable out of the 6,522 places we measured in Missouri. By definition, that implies Independence ranks as the #4,700 most expensive place in the Show Me State.
Living Expense | Independence | Missouri | National Average | |
---|---|---|---|---|
Overall | 90 | 91 | 100 | |
Services | 102 | 96 | 100 | |
Groceries | 104 | 99 | 100 | |
Health | 107 | 99 | 100 | |
Housing | 63 | 78 | 100 | |
Transportation | 97 | 95 | 100 | |
Utilities | 98 | 98 | 100 |
Housing swings affordability the most between places in Missouri, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.
Statistic | Independence | Missouri | United States |
---|---|---|---|
Median Home Value | $114,100 | $157,200 | $217,500 |
Median Rent | $864 | $830 | $1,062 |
Median Income | $50,592 | $55,461 | $62,843 |
Home Value To Income | 2.3x | 2.8x | 3.5x |
Rent To Monthly Income | 0.2x | 0.18x | 0.2x |
Item | Independence | Missouri |
---|---|---|
Shampoo | $1.04 | $1.01 |
Movie | $10.36 | $10.72 |
Bowling | $17.4 | $13.86 |
Item | Independence | Missouri |
---|---|---|
Ground Beef | $4.69 | $3.9 |
Fried Chicken | $1.78 | $1.4 |
Milk | $2.08 | $1.96 |
Item | Independence | Missouri |
---|---|---|
Haircut | $18.0 | $17.49 |
Beauty Salon | $35.5 | $38.17 |
Toothpaste | $1.95 | $2.32 |
Item | Independence | Missouri |
---|---|---|
Potatoes | $3.06 | $3.18 |
Pizza | $9.79 | $10.39 |
Beer | $8.42 | $9.23 |
Optometrist | $106.33 | $106.34 |
Doctor | $136.48 | $115.25 |
Dentist | $103.0 | $98.38 |
Item | Independence | Missouri |
---|---|---|
Gasoline | $2.55 | $2.59 |
Tire Balancing | $47.9 | $48.9 |
All Electricity | $156.97 | $167.6 |
Phone | $186.87 | $163.42 |
City | Population | Cost Of Living | Vs. Independence |
---|---|---|---|
Blue Springs, MO | 54,850 | 96 | 1.1x |
Leawood, KS | 34,670 | 130 | 1.4x |
Liberty, MO | 31,328 | 97 | 1.1x |
Raytown, MO | 29,264 | 90 | 1.0x |
Gladstone, MO | 27,126 | 94 | 1.0x |
Grain Valley, MO | 13,966 | 97 | 1.1x |
Kearney, MO | 10,095 | 98 | 1.1x |
Pleasant Hill, MO | 8,510 | 98 | 1.1x |
Greenwood, MO | 6,247 | 99 | 1.1x |