Raymore cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRaymoreMissouriNational
Cost of living index9991100
IndexRaymoreMissouriNational
Goods & Services index10399100
Groceries index8995100
Health care index9997100
Housing index10679100
Transportation index8787100
Utilities index93104100
Here we can see a simple outline of the cost of living in Raymore, MO. As you can see, with the average cost of living in Raymore, MO being 99, that puts it 9% higher than the average of Missouri and 1% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Raymore, MO, the price of goods and services are 5% higher than the average of Missouri as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Raymore is 9% higher than the Missouri average.
  • The cost of living in Raymore is 1% lower than the national average.
  • The cost of housing in Raymore is 6% higher than the national average.
  • Missouri general sales tax is 17% lower than the national average.
  • Missouri state income tax is 33% lower than the national average.

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Compare Raymore, MO Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Raymore, MO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Raymore, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Raymore, MO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$77,810$6,484$1,815$2,335
Renters$36,594$3,050$854$1,098
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Raymore, MO, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Raymore, MO homeowners have a median income of $77,810. Using that number, you will come up with a maximum of $1,815 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $36,594, which means there is a maximum of $854 to be spent on the costs of renting a home or apartment.

Missouri Sales Tax

StateGeneral Sales TaxWith Max Surtax
Missouri4.225%9.35%

Missouri Income Tax

StateIncome Tax (Low)Income Tax (High)
Missouri1.5%6%
When considering the overall cost of living expenses in Raymore, MO, it's important to take into account the sales tax for Missouri, as well as the rate for income tax in Missouri. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Missouri is 9.35%, and the sales tax in the state of Missouri is 4.225%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Missouri starts from 1.5% and goes up to 6%.

Goods & Services

ItemRaymoreNational avg.Difference
Haircut $14.67$14.590.5%
Beauty Salon $32.43$34.686.5%
Toothpaste $1.86$2.4724.8%
Shampoo $1.17$1.0214.5%
Movie $9.36$9.875.2%
Bowling $4.11$4.396.4%

Groceries

ItemRaymoreNational avg.Difference
Ground Beef $4.74$4.485.9%
Fried Chicken $1.25$1.4614.6%
Milk $2.35$2.360.3%
Potatoes $2.52$3.0617.7%
Pizza $7.49$9.2419.0%
Beer $7.77$8.6310.0%

Health Care

ItemRaymoreNational avg.Difference
Optometrist $95.50$99.784.3%
Doctor $101.50$105.033.4%
Dentist $89.10$88.700.4%
Ibuprofen $8.37$9.4111.1%
Lipitor $306.77$298.502.8%

Housing

ItemRaymoreNational avg.Difference
Home Price $174,800.00$175,700.000.5%
Avg. Mortgage Payment $1,000.66$1,081.037.4%
Apartment Rent $1,102.00$920.0019.8%

Transportation

ItemRaymoreNational avg.Difference
Gasoline $1.77$2.0915.5%
Tire Balancing $43.05$45.294.9%

Utilities

ItemRaymoreNational avg.Difference
All Electricity$162.80$170.804.7%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Baldwin Park, MO8480-20%
Lake Annette, MO11181-19%
Bucyrus, KS22184-16%
East Lynne, MO27785-15%
Freeman, MO52986-14%
Raymore, MO19,57699-1%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Tukwila, WA19,57311919%
West Pensacola, FL19,57184-16%
Wade Hampton, SC19,586100-0%
Midlothian, TX19,5901033%
Hazel Dell, WA19,59011414%
Raymore, MO19,57699-1%
Source: The Raymore, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.