Raymore, MO

Average · 99

Missouri · Population 23,849 · Updated March 2026

$1,283
Median Rent / Month
$103,158
Median Income
$318,000
Median Home Value
$1,547
Owner Costs / Month

Affordability

How far your income goes in Raymore

14.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Missouri

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
4.225%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$15,396
Annual Rent
$5,106
State Income Tax
$2,957
Property Tax (est.)

Cost of Living Overview

Raymore has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 99 (where 100 equals the national median), Raymore residents can expect to pay median rent of $1,283/month while earning a median household income of $103,158/year.

The median home value in Raymore, MO is $318,000, with typical monthly owner costs around $1,547 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Missouri has a moderate income tax rate of 4.95%. Combined with a 4.225% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Raymore.

Frequently Asked Questions

Common questions about living costs in Raymore

What is the cost of living in Raymore, MO?
The cost of living index in Raymore, MO is 99 (US average = 100). Median monthly rent is $1,283, median household income is $103,158/year, and the median home value is $318,000.
Is Raymore, MO affordable?
Yes, Raymore is more affordable than the national average with a cost index of 99. The rent-to-income ratio is 14.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Raymore, MO?
The median gross rent in Raymore, MO is $1,283 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,396.
What is the median household income in Raymore?
The median household income in Raymore, MO is $103,158 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Missouri?
Missouri has a top income tax rate of 4.95%, a sales tax of 4.225%, and an effective property tax rate of 0.93%.