Cost of Living: Independence, MO vs Allen, TX (2026)

Independence

Missouri
67
VS

Allen

Texas
137

Independence is 51% cheaper than Allen.

$1,061/mo ↓ 43%
Median Rent
$1,877/mo ↑ 77%
$59,480/yr ↓ 54%
Median Income
$129,130/yr ↑ 117%
$166,400 ↓ 61%
Home Value
$429,900 ↑ 158%
$1,046/mo ↓ 50%
Owner Costs
$2,083/mo ↑ 99%
121,944
Population
107,684

Tax Comparison

4.95%
Income Tax
0%
4.225%
State Sales Tax
6.25%
0.93%
Property Tax
1.6%

Affordability

21.4%
rent-to-income
Affordability
17.4%
rent-to-income

Detailed Comparison

When comparing Independence, MO and Allen, TX, the overall cost of living indices are 67 and 137 respectively (national median = 100). Rent is $816/month cheaper in Independence, saving renters about $9,792/year.

Median household income is $69,650/year higher in Allen. Home values also differ significantly — the median in Independence is $166,400 compared to $429,900 in Allen.

Texas has no state income tax, giving Allen residents a significant tax advantage over Missouri's 4.95% rate.

Frequently Asked Questions

Independence vs Allen — common questions

Is Independence or Allen cheaper to live in?
Based on our cost index, Independence is cheaper to live in with an index of 67 compared to 137 (US average = 100).
What is the rent difference between Independence and Allen?
Median rent in Independence is $1,061/month and in Allen it's $1,877/month — a difference of $816/month.
Which city has higher income, Independence or Allen?
Median household income is $59,480 in Independence and $129,130 in Allen. Median household income is $69,650/year higher in Allen.
How do taxes compare between Missouri and Texas?
Missouri has 4.95% income tax, 4.225% sales tax, and 0.93% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Independence or Allen?
It depends on your priorities. Independence has a cost index of 67 with median rent of $1,061/mo, while Allen has a cost index of 137 with rent of $1,877/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
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