Housing costs in Independence?
A typical home costs
$272,300, which is 19.5% less expensive than the national average of
$338,100 and 28.3% more expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Independence costs
$1,100 per month, which is 15.8% more than the national average of
$950 and 5.5% cheaper than the state average of
$1,160.
Can I afford Independence?
To live comfortably in Independence (zip 64057), Missouri, a minimum annual income of
$52,200 for a family, and
$37,600 for a single person is recommended.
What does A.I. say about Independence?
The cost of living in 64057 Independence, MO is quite reasonable. Groceries and other day-to-day expenses are quite affordable, with an overall cost of living about 5% lower than the national average. Housing costs remain low as well, with median home prices hovering around $183,000 and renters spending about $775 per month on average for a place to live. Additionally, the area's sales tax rate is low at just 6.475%, providing even more savings for those shopping in the area. All in all, 64057 Independence provides a nice mix of affordability and quality of life that attracts many people to the area each year.