Jackson County · Missouri · Midwest · 122k residents
Independence, MO: economy, jobs & business costs
The site-selection read on Independence: labor costs, talent, corporate tax, energy, and business activity, with the Missouri median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,430/wk. Missouri's corporate income tax rate is 4%. Commercial electricity averages 10.3¢/kWh.
Compare Independence side by side
Avg. weekly wage
$1,430/wk
Corporate income tax
4%
Bachelor's degree or higher
21.9%
Commercial electricity
10.3¢/kWh
Economic momentum
How fast Independence's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Independence's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $172,900 |
| Price per sq. ft. | $155 |
| Property tax rate | 0.88% |
| 1-bedroom rent | $921/mo |
| 2-bedroom rent | $1,080/mo |
| State & local income tax | 2.95% |
| Sales tax | 8.4% |
| Corporate income tax | 4% |
| Avg. weekly wage | $1,430/wk |
| Bachelor's degree or higher | 21.9% |
| Commercial electricity | 10.3¢/kWh |
| Businesses per 1k residents | 36.0/1k |
| Wage: Software developer | $124,990 |
| Wage: Registered nurse | $83,040 |
| Wage: General manager | $90,490 |
| Wage: Customer service | $44,350 |
| Wage: Warehouse worker | $36,850 |
| Wage: Heavy truck driver | $60,170 |
| Wage: Electrician | $76,860 |
| Wage: Retail salesperson | $34,320 |
| Cost of living index | 79 |
| Groceries index | 95 |
| Utilities | $165/mo |
| Transit pass | $78/mo |
| Gas price | $3.00/gal |
| Healthcare index | 94 |
| Childcare (per child) | $1,000/mo |
| Median household income | $60,339 |
| Unemployment rate | 3.5% |
| Population | 122k |
| Crime index | 55/100 |
| School rating | 5.5/10 |
| Walkability | 38/100 |
| Disaster risk | 97/100 |
| Avg. commute | 24 min |
| Sunny days / year | 205 days |
| July high | 87°F |
| January low | 19°F |
| Annual snowfall | 13 in |
| Home price YoY | +3.3% |
| Home price MoM | +0.3% |
| Rent YoY | +2.3% |
| Rent MoM | -0.4% |
| Employment (jobs) YoY | -0.2% |
| Building permits YoY | +150.0% |
| Ocean coast | 638 mi |
| Big lake | 83 mi |
| Mountains | 226 mi |
| Major airport | 22 mi |
| Ski resort | 206 mi |
Popular comparisons
Nearby
- Raytown, MO · 29k
- Blue Springs, MO · 60k
- Liberty, MO · 31k
- Gladstone, MO · 27k
- Grain Valley, MO · 16k
Similar size
- Columbia, MO · 129k
- Lee's Summit, MO · 104k
- O'Fallon, MO · 94k
- Springfield, MO · 170k
- St. Charles, MO · 72k
Real listings in Independence
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Independence a good place to run a business?
- Missouri's corporate income tax rate is 4%; average weekly wages in the surrounding labor market run $1,430/wk; commercial electricity averages 10.3¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Independence, MO?
- Independence indexes at 79 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,080/mo and a acs median home value of $172,900.
- How much does a house cost in Independence?
- The acs median home value in Independence is $172,900 (Census ACS estimate; individual listings vary).
- How much is rent in Independence?
- A two-bedroom in Independence rents for about $1,080/mo.