Cost of Living in Raymore, MO
Housing
The housing market plays a significant role in determining the cost of living in Raymore, MO.
- Housing Index: 95.0 / 100
- Median Home Price is: $350000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1360 per month
Moving to Raymore, MO could be a smart choice considering its affordable housing index of 95.0, which indicates that home prices are below the national average. The median home price of 350000 suggests decent opportunities for home ownership, while the average rent of 1200 for a 2-bedroom apartment and 1360 for a 2-bedroom house makes it budget-friendly too. Additionally, considering factors like local job market, schools, and amenities will further enhance your decision. The overall value of living in Raymore is compelling for both renters and buyers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Raymore, 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 Raymore, 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 Raymore is a financially viable option for your relocation.