Liberty, MO Cost Of Living
Cost Of Living In Liberty, MO Summary
Cost of living in Liberty research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Liberty is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Liberty is 94, with 100 being the average.
The cost of living index in Liberty is 0.9x lower than the national average.
Liberty ranks as the #100 cheapest in Missouri out of 143.
Liberty ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Liberty is $206,800.
The median income in Liberty is $81,352.
Table Of Contents
Liberty's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Liberty, MO?
According to the most recent data on the cost of living, Liberty has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Missouri, Liberty has a cost of living index that's 1.1x higher than Missouri's index of 89.
The standard of living in Liberty ranks as #100 most affordable out of the 143 places we measured in Missouri. By definition, that implies Liberty ranks as the #43 most expensive place in the Show Me State.
For more reading on life in Liberty, check out:
- Living In Liberty
- Search Homes For Sale In Liberty, MO
In Missouri
In America
Liberty Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Liberty. Here is how it fairs on each of the criteria:
The Services index in Liberty is 101.
The Groceries index in Liberty is 95.
The Health index in Liberty is 101.
The Housing index in Liberty is 86.
The Transportation index in Liberty is 95.
The Utilities index in Liberty is 99.
| Living Expense | Liberty | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 94 | 89 | 100 | |
| Services | 101 | 92 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 101 | 88 | 100 | |
| Housing | 86 | 79 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 99 | 95 | 100 | |
Liberty, MO Housing Cost Breakdown
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Liberty is $206,800.
The Median Rent in Liberty is $956.
The Median Income in Liberty is $81,352.
The Home Value To Income in Liberty is 2.5x.
The Rent To Monthly Income in Liberty is 0.14x.
| Statistic | Liberty | Missouri | United States |
|---|---|---|---|
| Median Home Value | $206,800 | $171,800 | $244,900 |
| Median Rent | $956 | $886 | $1,163 |
| Median Income | $81,352 | $61,043 | $69,021 |
| Home Value To Income | 2.5x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Liberty, MO Costs By Category
Detailed Liberty Services Costs Vs. Missouri
Detailed Liberty Groceries Costs Vs. Missouri
Detailed Liberty Health Costs Vs. Missouri
Detailed Liberty Transportation Costs Vs. Missouri
Detailed Liberty Utilities Costs Vs. Missouri
Liberty SnackAbility
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Cost Of Living In Cities Around Liberty
The cost of living varies in the cities and towns around Liberty. Here's a quick look at the cost of living in the most populous nearby places:
Blue Springs, MO has a cost of living index of 96, 1.0x Liberty.
Gladstone, MO has a cost of living index of 89, 0.9x Liberty.
Grain Valley, MO has a cost of living index of 93, 1.0x Liberty.
| City | Population | Cost Of Living | Vs. Liberty |
|---|---|---|---|
| Blue Springs, MO | 58,265 | 96 | 1.0x |
| Gladstone, MO | 26,825 | 89 | 0.9x |
| Grain Valley, MO | 15,435 | 93 | 1.0x |
| Excelsior Springs, MO | 10,595 | 89 | 0.9x |
| Kearney, MO | 10,260 | 96 | 1.0x |
| Smithville, MO | 10,211 | 95 | 1.0x |
| Parkville, MO | 7,153 | 115 | 1.2x |
| Roeland Park, KS | 6,871 | 98 | 1.0x |
