Salary Needed to Live in Independence as a Single

A single adult living independently needs approximately $16,875/year to live comfortably in Independence, MO — including 10% savings.

Comfortable Salary
$16,875
with 10% savings
Bare Minimum
$14,595
no savings buffer
Monthly Expenses
$900
17% below national avg

Detailed Monthly Budget for a Single in Independence

ExpenseIndependenceNat'l AvgDiff
🏠 Studio/1BR Rent$109$113-4%
🛒 Groceries$20$17+18%
⚡ Utilities$9$14-36%
🚗 Transportation$24$26-8%
🛡️ Car Insurance$165$211-22%
🏥 Health Insurance$31$53-42%
Internet$55$65-15%
Phone$71$85-16%
Dining & Social$252$300-16%
Entertainment$101$120-16%
Personal Care$63$75-16%
Total Monthly$900$1,079-17%

How We Calculated the Salary

Monthly expenses:$900
Target savings (10%):$116/mo
Monthly after-tax needed:$1,016
Effective tax rate:26%

Gross annual salary needed:$16,875

Other Household Types in Independence

Couple (No Kids)
$23,535/yr
$1,216/mo expenses
Family with Kids
$50,176/yr
$2,467/mo expenses
Retiree
$17,461/yr
$1,004/mo expenses

Related Pages

Living Alone in IndependenceCity OverviewAfford on $75K?Afford on $100K?Cost of Living

FAQ

What salary does a single person need in Independence?
A single person needs approximately $16,875/year ($1,406/month gross) to live comfortably in Independence with a 10% savings rate.
How much is rent for a single person in Independence?
A studio/1br in Independence costs approximately $109/month, which is the largest single expense at 12% of the total budget.
Is Independence affordable for a single person?
Yes, Independence is 17% more affordable than the national average for a single person.
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