Cost of living in Raymore research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Raymore is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Raymore is 101, with 100 being the average.
The cost of living index in Raymore is 1.0x higher than the national average.
Raymore ranks as the #119 cheapest in Missouri out of 143.
Raymore ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Raymore is $245,900.
The median income in Raymore is $90,362.
According to the most recent data on the cost of living, Raymore has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Missouri, Raymore has a cost of living index that's 1.1x higher than Missouri's index of 89.
The standard of living in Raymore ranks as #119 most affordable out of the 143 places we measured in Missouri. By definition, that implies Raymore ranks as the #24 most expensive place in the Show Me State.
For more reading on life in Raymore, check out:
Six factors go into calculating the cost of living index in Raymore. Here is how it fairs on each of the criteria:
The Services index in Raymore is 99.
The Groceries index in Raymore is 96.
The Health index in Raymore is 101.
The Housing index in Raymore is 102.
The Transportation index in Raymore is 95.
The Utilities index in Raymore is 99.
|Living Expense||Raymore||Missouri||National Average|
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Raymore is $245,900.
The Median Rent in Raymore is $1,202.
The Median Income in Raymore is $90,362.
The Home Value To Income in Raymore is 2.7x.
The Rent To Monthly Income in Raymore is 0.16x.
|Median Home Value||$245,900||$171,800||$244,900|
|Home Value To Income||2.7x||2.8x||3.5x|
|Rent To Monthly Income||0.16x||0.17x||0.2x|
The cost of living varies in the cities and towns around Raymore. Here's a quick look at the cost of living in the most populous nearby places:
Overland Park, KS has a cost of living index of 106, 1.0x Raymore.
Lee's Summit, MO has a cost of living index of 101, 1.0x Raymore.
Blue Springs, MO has a cost of living index of 96, 1.0x Raymore.
|City||Population||Cost Of Living||Vs. Raymore|
|Overland Park, KS||195,249||106||1.0x|
|Lee's Summit, MO||100,772||101||1.0x|
|Blue Springs, MO||58,265||96||1.0x|
|Grain Valley, MO||15,435||93||0.9x|
|Pleasant Hill, MO||8,673||97||1.0x|
|Spring Hill, KS||7,883||96||1.0x|