States › Missouri › Lee's Summit

Is Lee's Summit, MO expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,5959% lower than U.S. average
💵 Families earn per year (2026)$110,580about $9,215/month · 27% higher than U.S. average
🔑 House price$340,9002% higher than U.S. average

Rent is lower than in 53% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $63,800 a year. That is $31 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

No. Rent here is more expensive than in most of Missouri. It is number 105 of 142 cities from cheapest to most expensive.

Lee's Summit
$1,595
O'Fallon
$1,894
Independence
$1,448
Columbia
$1,357
St. Charles
$1,753
St. Joseph
$1,024
Springfield
$1,169

How much do households earn in Lee's Summit?

Under $25k
7.7%
$25k–50k
18.1%
$50k–100k
31.0%
$100k–150k
25.4%
$150k+
15.5%

Share of households by yearly income. 40.9% of households earn $100,000 or more.

Rent by apartment size in Lee's Summit

SizeLee's SummitU.S. average
Studio$1,052$1,338
1 bedroom$1,475$1,324
2 bedrooms$1,501$1,509
3 bedrooms$1,850$1,698
4 bedrooms$2,475$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Lee's Summit overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Lee's Summit, so the Missouri figure is shown.

Taxes and bills in Lee's Summit

🏛️ Property tax$3,869a year · 1.13% of home value · U.S. $3,119
⚡ Electric bill$150a month (typical) · U.S. $156

Life in Lee's Summit

Commute to work25.2 minU.S.: 26.4 min
College degree48.8%U.S.: 35.7%
Own their home73.4%U.S.: 65.2%
Below poverty line5.7%U.S.: 12.5%
Unemployment3.8%U.S.: 5.2%

Is it cheaper to rent or buy in Lee's Summit?

Renting is cheaper right now: about $770 a month less.

Renting
$1,595
Owning
$2,365

Owning assumes a typical $340,900 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $34,090 for the down payment.

Frequently asked questions

What is the average rent in Lee's Summit, MO?

Renting in Lee's Summit costs a median of about $1,595 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Lee's Summit?

To keep rent under 30% of income, you need about $63,800 a year, or $31 an hour at a full-time job.

Is Lee's Summit cheap or expensive?

Lee's Summit is rated Cheap: rent takes 17.3% of the typical household income of $110,580. It ranks 105th cheapest of 142 Missouri cities we track.

How much are property taxes in Lee's Summit?

The median homeowner in Lee's Summit pays $3,869 a year in property taxes, about 1.13% of the median home value.

Is Lee's Summit more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Lee's Summit?

The median home value in Lee's Summit is $340,900, about 3.1 times the typical yearly household income.

103,656 people live in Lee's Summit. Numbers are typical (middle) values.