Cost of Living in Lee's Summit, MO

With a cost of living index of 100, Lee's Summit, MO is right around the national average in cost. Living here is 0% more expensive than the national average and 26% above the Missouri state average of 75. As a major city with a population of 102,583, Lee's Summit offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Lee's Summit's cost of living. The median monthly rent is $1,382 (5% above the US median of $1,319), and the median home value sits at $313,200 (3% above the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Lee's Summit is $104,989, which is 40% higher than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Kansas City, MO-KS (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.