Raytown, MO Cost Of Living
Cost Of Living In Raytown, MO Summary
Cost of living in Raytown 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 Raytown 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 Raytown is 87, with 100 being the average.
The cost of living index in Raytown is 0.9x lower than the national average.
Raytown ranks as the #55 cheapest in Missouri out of 143.
Raytown ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Raytown is $124,300.
The median income in Raytown is $59,049.
Table Of Contents
Raytown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Raytown, MO?
According to the most recent data on the cost of living, Raytown has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Missouri, Raytown has a cost of living index that's 1.0x lower than Missouri's index of 89.
The standard of living in Raytown ranks as #55 most affordable out of the 143 places we measured in Missouri. By definition, that implies Raytown ranks as the #88 most expensive place in the Show Me State.
For more reading on life in Raytown, check out:
- Living In Raytown
- Raytown Crime Report
- Search Homes For Sale In Raytown, MO
In Missouri
In America
Raytown Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Raytown. Here is how it fairs on each of the criteria:
The Services index in Raytown is 103.
The Groceries index in Raytown is 92.
The Health index in Raytown is 102.
The Housing index in Raytown is 65.
The Transportation index in Raytown is 94.
The Utilities index in Raytown is 99.
| Living Expense | Raytown | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 87 | 89 | 100 | |
| Services | 103 | 92 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 102 | 88 | 100 | |
| Housing | 65 | 79 | 100 | |
| Transportation | 94 | 95 | 100 | |
| Utilities | 99 | 95 | 100 | |
Raytown, 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 Raytown is $124,300.
The Median Rent in Raytown is $1,027.
The Median Income in Raytown is $59,049.
The Home Value To Income in Raytown is 2.1x.
The Rent To Monthly Income in Raytown is 0.21x.
| Statistic | Raytown | Missouri | United States |
|---|---|---|---|
| Median Home Value | $124,300 | $171,800 | $244,900 |
| Median Rent | $1,027 | $886 | $1,163 |
| Median Income | $59,049 | $61,043 | $69,021 |
| Home Value To Income | 2.1x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Raytown, MO Costs By Category
Detailed Raytown Services Costs Vs. Missouri
Detailed Raytown Groceries Costs Vs. Missouri
Detailed Raytown Health Costs Vs. Missouri
Detailed Raytown Transportation Costs Vs. Missouri
Detailed Raytown Utilities Costs Vs. Missouri
Raytown SnackAbility
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Cost Of Living In Cities Around Raytown
The cost of living varies in the cities and towns around Raytown. Here's a quick look at the cost of living in the most populous nearby places:
Independence, MO has a cost of living index of 88, 1.0x Raytown.
Lee's Summit, MO has a cost of living index of 101, 1.2x Raytown.
Lenexa, KS has a cost of living index of 105, 1.2x Raytown.
| City | Population | Cost Of Living | Vs. Raytown |
|---|---|---|---|
| Independence, MO | 122,230 | 88 | 1.0x |
| Lee's Summit, MO | 100,772 | 101 | 1.2x |
| Lenexa, KS | 56,755 | 105 | 1.2x |
| Leawood, KS | 33,748 | 126 | 1.4x |
| Liberty, MO | 30,129 | 94 | 1.1x |
| Grandview, MO | 25,931 | 87 | 1.0x |
| Raymore, MO | 22,722 | 101 | 1.2x |
| Pleasant Hill, MO | 8,673 | 97 | 1.1x |
| Parkville, MO | 7,153 | 115 | 1.3x |
| Greenwood, MO | 6,008 | 94 | 1.1x |
