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Single Family Cost of Living Comparison
Kansas City Metro Area As of January 2011
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Single Family Cost Comparison by City
As of January 1, 2011 Cells Highlighted in Green May Be Changed to Run Different Scenarios Assumptions: Single Family Home (Market Value) = $ ,800 Finished Living Space (square footage) = 1,600 Value Per Square Foot = 63 Annual Mortgage Payment for the Single Family Home above = $6,888.55 Percent of Value Barrowed = 80% Repayment Term = 20 years Interest Rate = 5.75% Personal Property Owned (Market Value Subject to Property Tax) = $20,000.00 Annual Loan Payments for Personal Property listed above = $3,850.15 5 6.50% Gross Single Family Income (Annual) = $ ,313 Savings/Retirement Per Year = Percent of Gross 10% $ ,731 Income Subject to Income Tax = 75% $ ,985 Missouri Income Tax Rate = 6.0% Kansas Income Tax Rate = 5.5% Estimated Portion of gross income spent on mortgage, loan payments, taxes, utilities, fees, and savings = (For Reference Only) $ ,878.33 Amount of Gross Family Income Spent on items Subject to Sales Tax (Assuming 30% of gross income is available for purchases, only half of those purchases are assumed to be subject to sales tax, with all of those purchases occurring in the City of residence = $ ,597.0 Household Size = 3 Natural Gas Consumption Per Month (on average) in CCF (or 100 Cubic Feet) = (Assumes .04 CCF per square foot of finished space) 64 * 1 CCF = 100 cubic feet or 1 Therm; 1 MCF= 1,000 cubic feet Electric Consumption Per Month (on average) in Kilowatt Hours = (Assumes .5 KWH per square foot of finished space) 800 Water Consumption Per Month (on average) in Gallons = (Assumes 1,500 gallons per person) 4,500 Sewer Generated Per Month (on average) in Gallons = (Assumes 1,500 gallons per person)
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Comparison Summary Harrisonville’s total cost for 2011 is 29th out of 48 cities (20 positions better than 2009). Harrisonville is the only City to reduce costs from 2009 to 2011 (a decrease of $226). Harrisonville’s total cost is $177 lower than the average (or 2.8% below average) compared to 4% above average in 2009. The Metro Average Cost went up 3.2% from 2009 to 2011. The range from most expensive (Kansas City $9,138) to the least expensive city (Overland Park $7,393) is $1,745 (2009 range was $1,929).
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