Independence, MO is an excellent place to live. It's a vibrant city that offers plenty of housing options at reasonable prices. The average two-bedroom rental rate in Independence is $1,040, substantially lower than the US average of $1,430. Additionally, the grocery cost index is 95 compared to 100 in the US. There are many exciting attractions and companies located in Independence. Notable employers include Cerner Corporation, Saint Luke’s Health System, Honeywell FM&T and BNSF Railway Company. In addition to these corporate entities, there are several notable local attractions such as The Harry S Truman Presidential Library and Museum, National Frontier Trails Museum, and the Vaile Mansion Historic Site. With its affordable cost of living and proximity to amenities and attractions, Independence is an ideal location for residents looking to enjoy all that life has to offer.
Independence has an unemployment rate of 5.7%. The US average is 6.0%.
Independence has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Independence
- The Sales Tax Rate for Independence is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Independence is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Independence
- The average income of a Independence resident is $23,390 a year. The US average is $28,555 a year.
- The Median household income of a Independence resident is $53,996 a year. The US average is $69,021 a year.