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Kansas City, MO vs Polk County, MO
A 2-bedroom in Polk County costs $470 less per month than Kansas City ($888 vs $1,358). Median income is $81,927 in Kansas City and $56,686 in Polk County. That's a difference of $5,640 per year in housing costs.
Side-by-Side Comparison
| Metric | Kansas City | Polk County |
|---|---|---|
| Studio FMR | $1,095 | $729 |
| 1BR FMR | $1,197 | $733 |
| 2BR FMR | $1,358 | $888 |
| 3BR FMR | $1,769 | $1,235 |
| 4BR FMR | $2,103 | $1,490 |
| Median Income | $81,927 | $56,686 |
| Rent Burden | 19.9% | 18.8% |
| Actual Median Rent | $1,201 | $792 |
| Median Home Value | $265,400 | $189,600 |
| Population | 2.2M | 32K |
| Renter % | 34.4% | 28.7% |
| Vacancy Rate | 7.2% | 11% |
| Poverty Rate | 10% | 17.9% |
| Unemployment | - | 3.1% |
| YoY Change | +7.9% | +11.4% |
| Min Wage | $13.75/hr | $13.75/hr |
Income Required to Afford a 2-Bedroom
Kansas City, MO
Annual Income Needed
$54,320
Hourly Wage Needed
$26/hr
Min Wage Work Hours/Week
76 hrs
at $13.75/hr (MO min wage)
Polk County, MO
Annual Income Needed
$35,520
Hourly Wage Needed
$17/hr
Min Wage Work Hours/Week
49.7 hrs
at $13.75/hr (MO min wage)
Frequently Asked Questions
Polk County, MO is more affordable with a 2BR FMR of $888/mo, which is $470 less than Kansas City at $1,358/mo. However, when considering local incomes, Kansas City has a rent burden of 19.9% vs 18.8% in Polk County.
A 2-bedroom in Kansas City, MO costs $1,358/mo at Fair Market Rent, while in Polk County, MO it's $888/mo, a difference of $470/mo or $5,640/year.
To afford a 2BR without spending more than 30% of income on rent: Kansas City requires $54,320/year ($26/hr). Polk County requires $35,520/year ($17/hr).
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