Quick facts: Independence, MO

Quick Facts

94.1
Cost of Living
below US average
121,202
Population
38.38
Crime Rate per 1000
above US average
$57,415
Median Income
below US average
$175,000
Median House Price
above US average
$1098.81
Average Rent
below US average
10%
Poverty Rate
below US average
4.6%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $57,415.

🏠

Income Needed to Buy

βœ“ Affordable
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,415) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$47k/year
Based on $1098.81/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($57,415) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Independence, MO

Independence, Missouri, is a vibrant city located in Jackson County, just east of Kansas City. Known for its rich historical significance, it is famously associated with the early life of President Harry S. Truman, whose presidential library and museum can be found here. Independence is often recognized as the "Queen City of the Trails" due to its historical role as a starting point for westward trails during the 19th century. The city boasts a blend of cultural attractions, parks, and family-friendly activities. Key destinations include the historic Independence Square, featuring unique shops, restaurants, and the picturesque courthouse. In addition, the city hosts several annual events, drawing visitors to its lively community atmosphere. Independence has a strong commitment to education, with several highly-rated schools and community programs. Its population enjoys a range of recreational options, including parks, trails, and sports facilities, making it a great place for outdoor enthusiasts. With its strong community spirit and historical roots, Independence is a charming city that offers a small-town feel with the conveniences of proximity to Kansas City.

πŸ” Search & Compare Places

First Location πŸ“