Zip 64056 (Independence, MO) Cost of Living


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How much do I need to live in Independence, Missouri?
$3,360 / month
for a family, 37.8% less expensive than the national average A total of $40,320 for the year for a family.
$3,267 / month
for a single person, 31.5% less expensive than the national average A total of $39,200 for the year for a single person.

Independence cost of living score
88.4
Less expensive
11.6% lower
than the US average
3.3% higher
than the Missouri average
Independence (zip 64056), Missouri gets a BestPlaces Cost of Living score of 88.4, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 11.6% lower than the U.S. average and 3.3% lower than the average for Missouri.

Zip 64056 (Independence, MO)

Housing costs in Independence?
A typical home costs $210,400, which is 37.8% less expensive than the national average of $338,100 and 0.9% less expensive than the average Missouri home, at $212,300. Renting a two-bedroom unit in Independence costs $1,130 per month, which is 18.9% more than the national average of $950 and 2.7% cheaper than the state average of $1,160.

Can I afford Independence?
To live comfortably in Independence (zip 64056), Missouri, a minimum annual income of $40,320 for a family, and $39,200 for a single person is recommended.

What does A.I. say about Independence?
The cost of living in 64056 Independence, MO is relatively low compared to other large cities. The median home value in this zip code is approximately $95,400, which is lower than many larger metropolitan areas. In addition, the overall cost of living index for the area is 92.8, which is lower than the national average of 100. Residents of 64056 Independence, MO can expect to enjoy an affordable lifestyle with reasonable real estate values and a relatively low cost of goods and services.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesIndependenceMissouriUnited States
    Unlock85.6100.0
  95.3  Unlock100.0
    Unlock104.3100.0
  59.1  Unlock100.0
    Unlock$212,300$338,100
  105.5  Unlock100.0
    Unlock86.2100.0
  92.2  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
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