Quick facts: Raymore, MO

Quick Facts

94.1
Cost of Living
below US average
24,203
Population
16.4
Crime Rate per 1000
below US average
$96,536
Median Income
above US average
$399,950
Median House Price
above US average
$1908.86
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below 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 $96,536.

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Income Needed to Buy

βœ— Stretch
$125k/year
Based on $399,950 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $125k vs median $96,536
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1908.86/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($96,536) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Raymore, MO

Raymore, Missouri, is a charming city located in Cass County and part of the Kansas City metropolitan area. With a population of approximately 20,000 residents, it offers a small-town feel while being close to the amenities of a major city. Raymore is known for its family-friendly atmosphere, featuring numerous parks, recreational facilities, and community events that foster a strong sense of community spirit. Geographically, Raymore is accessible via major highways, making it convenient for commuting to Kansas City for work or leisure. The city boasts a variety of shopping, dining, and entertainment options, along with well-rated schools that attract families looking for a community-oriented environment. The natural beauty of Raymore is highlighted by its parks, such as Raymore Memorial Park, which provides walking trails, sports facilities, and picnic areas. The city also hosts seasonal events, including festivals and farmer's markets, bringing residents together throughout the year. Overall, Raymore offers a blend of suburban comfort with close ties to urban convenience, making it an attractive option for those seeking a balanced lifestyle.

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