Cost of Living in Lee's Summit

Lee's Summit's cost of living centers on above-Missouri-average housing costs, offset by Missouri's real, flat 4.0% state income tax and the absence of a local city income tax.

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Above-average Missouri housing costs

Lee's Summit's average home value ran $398,656 per Zillow (up 2.7% YoY) -- genuinely above the Missouri statewide figure and several other Missouri Tier A markets documented in this dataset.

Missouri's flat 4.0% income tax

Missouri's real, flat 4.0% state income tax (effective January 1, 2026) applies statewide, including in Lee's Summit -- down from a graduated top rate of 4.7% previously.

A real, disclosed median-income spread

Lee's Summit's median household income figures carried a real, disclosed cross-source spread this pass ($52,682 to $93,295) -- confirm current, specific figures directly given the methodology variance.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.