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: $182500
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 97.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $57415

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Independence, MO, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.