Thinking about moving to Kansas City?
You’ll be in good company. Between 2010 and 2016, more than 21,633 people have moved to Kansas City, an increase of 4.7%. New residents are attracted to Kansas City’s muscular economy, affordable housing prices, and hip culture.
Kansas City’s affordability has made it a great place for families to live for decades now, but the city has had something of a sleepy image. That’s changing now that Kansas City is becoming a Millenial hotspot,
full of tech startups and knowledge workers straight out of college. Downtown KCMO is seeing a renaissance, as new housing, restaurants, bars and offices pop up at an incredible rate.
Kansas City is home to 481,420 Kansas Citians. With an area of 315.0 square miles, Kansas City has a population density of 1,528 persons per square mile, which makes it less dense than many other cities of comparable size.
The Kansas City, MO-KS Metropolitan Statistical Area boasts a population of 2,104,509 people, of which Kansas City proper’s population makes up 23%.
Affordable housing is one of best things Kansas City has going for it. The median home value in Kansas City is $122,600, -39% below the US median value, according to Zillow. The median price per square foot in Kansas City is $92. Over the past 5 years, home values in Kansas City have increased by 5%.
Renters in Kansas City will also have an easy time finding affordable housing. The median rent in Kansas City is $1,032 per month, which is 28% lower than the US median. Over the past year, rental rates in Kansas City have increased by 2.3%.
Kansas City’s economy is growing strong. The Kansas City metro area’s GDP grew by 17% between 2010 and 2015, from $107 billion in 2010 to $126 billion in 2015, a total increase of $19 billion. The metro area has a per capita GDP of $59,690. According to the US Census Bureau, the median household income in Kansas City, MO is $57,388, 11% higher than the national median. Kansas City’s unemployment rate is 3.8%.