Cost of Living in Independence, MO
Housing
The housing market plays a significant role in determining the cost of living in Independence, MO.
- Housing Index: 90.0 / 100
- Median Home Price is: $182,500
- Average Rent (2 BR Apartment): $1050 per month
- Average Rent (2 BR House): $840 per month
Considering a move to Independence, MO? With a housing index of 90.0, affordability remains a key highlight. The median home price of 182500 makes purchasing a home accessible for many. Rental options are also competitive, with the average rent for a 2-bedroom apartment at 1050 and a 2-bedroom house at 840. These figures indicate that whether you’re looking to buy or rent, Independence offers favorable conditions, especially when compared to national averages, which often exceed these prices significantly. Conduct further research to assess local amenities and community vibes too!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Independence, MO.
- Electricity Price: $14.64 USD (median by state)
- Natural Gas Price: $23.25 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Independence, MO could entail higher utility costs. Electricity costs sit at $14.64, while natural gas is priced at $23.25 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Independence is a financially viable option for your relocation.