Cost of Living in Independence, MO
Population: 121,944 • 2026 Data
$59,480
Median Household Income
-23% vs national
$1,061
Median Monthly Rent
-21% vs national
$166,400
Median Home Value
-51% vs national
6.0%
Unemployment Rate
Housing in Independence
The median home value in Independence, MO is $166,400. Monthly rent for a typical unit averages $1,061, while total monthly housing costs (including utilities and insurance) average $1,046.
Rent-to-income ratio: 21.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Independence, MO is $59,480. The unemployment rate stands at 6.0%, with a labor force of 60,872 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.