Kansas City vs St. Louis: Mortgage Cost Comparison
Thinking about buying in Kansas City or St. Louis? Here's a side-by-side comparison of mortgage costs in both cities.
$1,692
Kansas City PITI
$1,469
St. Louis PITI
$223/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Kansas City vs St. Louis: Full Mortgage Comparison
Buying a home in St. Louis is $223/month cheaper based on average home prices and local costs.
| Kansas City, MO | St. Louis, MO | |
|---|---|---|
| Avg. Home Price | $260,000 | $220,000 |
| Down Payment (20%) | $52,000 | $44,000 |
| Loan Amount | $208,000 | $176,000 |
| Property Tax Rate | 1.05% | 1.15% |
| Annual Property Tax | $2,730 | $2,530 |
| Annual Insurance | $1,800 | $1,750 |
| Monthly P&I | $1,315 | $1,112 |
| Monthly PITI | $1,692 | $1,469 |
| Total Interest (30yr) | $265,293 | $224,478 |
What Drives the Difference?
Home prices are the biggest factor — Kansas City’s average home costs $40,000 more than St. Louis’s.
Property taxes also favor Kansas City — St. Louis’s 1.15% rate is higher than Kansas City’s 1.05%.
Insurance is $50/year more in Kansas City.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Kansas City | St. Louis | |
|---|---|---|
| Monthly PITI | $1,692 | $1,469 |
| Income needed | $72,523 | $62,962 |
Try Your Own Numbers
The calculator above is pre-filled with Kansas City’s averages. Adjust the values to match your situation, or try the St. Louis calculator for St. Louis-specific numbers.