With a cost of living 2.5 percent below the national average, from groceries to gas, utilities and housing, Kansas City is one of the most affordable cities in the Midwest. A cost of living index above 100 means Kansas City, Missouri is more expensive.
Is it expensive to live in Kansas City Missouri?
Kansas Citys housing expenses are 8% lower than the national average and the utility prices are 8% higher than the national average. Transportation expenses like bus fares and gas prices are 1% lower than the national average. Kansas City has grocery prices that are 0% higher than the national average.
How much do you need to make to live in Kansas City MO?
A living wage Missouris minimum wage in 2021 is $10.30. The state is set to hit $12 in 2023. For a single adult in Kansas City, a living wage would be $14.40. A poverty wage would be $6.13.
How much do you need to live comfortably in Kansas City?
In Kansas City, you need to make nearly $68,000 yearly to comfortably be a new homeowner. The cost is even higher for renters. BREAKING IT DOWN: See how much a person needs to earn to live in the countrys biggest cities, including Kansas City, in the Kansas City Business Journal.
Why is Kansas City so cheap?
The main reason Kansas City is so affordable is attributable to one thing; housing prices. The median home cost is just over $146,000, which is incredibly low compared to the rest of the United States. The median rent here is similar (although not as inexpensive). Its $941 compared to the national average of $1062.
Why is Missouri so cheap?
Because the median home value in Missouri is about 30% less than the national average. This makes Missouri housing one of the cheapest places in the United States. Since it routinely ranks in the top 10 most affordable. Based on housing prices.
Is Missouri a nice state?
Missouri is a great place to live and has something for everyone. Cities, rural areas, culture, nature, sports, great food and so much more. The cost of living in Missouri is lower than the national average, especially in housing costs.