Cost Of Living In Jennings, MO

Jennings cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Jennings	Missouri	National
Cost of living index	84	91	100
Index	Jennings	Missouri	National
Goods & Services index	93	95	100
Groceries index	103	97	100
Health care index	96	97	100
Housing index	52	79	100
Transportation index	94	93	100
Utilities index	113	104	100

Here we can see a simple outline of the cost of living in Jennings, MO. As you can see, with the average cost of living in Jennings, MO being 84, that puts it 8% lower than the average of Missouri and 16% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Jennings, MO, the price of goods and services are 3% lower than the average of Missouri as well as 7% lower than the nation's average.

Did you know?

The cost of living in Jennings is 8% lower than the Missouri average.
The cost of living in Jennings is 16% lower than the national average.
The cost of housing in Jennings is 48% lower than the national average.
Missouri general sales tax is 17% lower than the national average.
Missouri state income tax is 33% lower than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Jennings, MO to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Jennings, MO, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Jennings, MO salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$40,833	$3,403	$953	$1,225
Renters	$19,118	$1,593	$446	$574

The affordability of the housing market in Jennings, MO as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Jennings, MO homeowners, the median income is $40,833. This indicates that a monthly maximum of $953 should be spent by homeowners on all housing related costs. Renters have a median income of $19,118. This indicates that renters should have a maximum of $446 used for their rent related monthly costs.

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	9.35%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	1.5%	6%

When considering the overall cost of living expenses in Jennings, MO, it's important to take into account the sales tax for Missouri, as well as the rate for income tax in Missouri. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Missouri is 9.35%, and the sales tax in the state of Missouri is 4.225%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Missouri starts from 1.5% and goes up to 6%.

Goods & Services

Item	Jennings	National avg.	Difference
Haircut	$16.36	$15.56	5.1%
Beauty Salon	$37.77	$36.11	4.6%
Toothpaste	$2.13	$2.47	13.7%
Shampoo	$1.03	$0.96	6.7%
Movie	$10.07	$10.13	0.6%
Bowling	$3.78	$4.74	20.2%

Groceries

Item	Jennings	National avg.	Difference
Ground Beef	$4.90	$3.98	23.0%
Fried Chicken	$1.88	$1.41	33.6%
Milk	$2.33	$2.06	12.9%
Potatoes	$2.48	$2.98	16.7%
Pizza	$8.52	$9.47	10.1%
Beer	$8.04	$8.79	8.6%

Health Care

Item	Jennings	National avg.	Difference
Optometrist	$76.95	$101.04	23.8%
Doctor	$84.03	$107.44	21.8%
Dentist	$91.80	$90.42	1.5%
Ibuprofen	$11.43	$9.28	23.2%
Lipitor	$433.91	$426.50	1.7%

Housing

Item	Jennings	National avg.	Difference
Home Price	$65,400.00	$175,700.00	62.8%
Avg. Mortgage Payment	$728.96	$1,133.23	35.7%
Apartment Rent	$803.00	$920.00	12.7%

Transportation

Item	Jennings	National avg.	Difference
Gasoline	$1.87	$1.99	6.4%
Tire Balancing	$43.83	$45.76	4.2%

Utilities

Item	Jennings	National avg.	Difference
All Electricity	$160.36	$163.81	2.1%
Phone	$38.25	$28.39	34.8%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Champ, MO	11	98	-2%
Brooklyn, IL	807	78	-22%
Alorton, IL	1,729	79	-21%
Venice, IL	1,751	80	-20%
Washington Park, IL	4,120	81	-19%
Jennings, MO	14,730	84	-16%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Greensburg, PA	14,726	88	-12%
Alton, TX	14,735	70	-30%
Forest City, FL	14,724	97	-3%
Hernando, MS	14,723	92	-8%
Phillipsburg, NJ	14,717	102	2%
Jennings, MO	14,730	84	-16%

Source: The Jennings, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Jennings, MO Cost of Living