
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Locals express favorable opinions about the proximity of everyday local amenities, parks, public transit, neighborly atmosphere, strong sense of community and the general safety of the area.
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Access to public transportation in this particular area may be limited, which can result in longer-than-average commute times to reach workplaces.
Hannibal, Missouri is a medium-sized city with a population of 17,980 residents. At 90%, the majority of the Hannibal population is White; this is followed by 6% Black and 0% Asian. If you prefer shorter commutes, living in Hannibal will be a delight. With an average one-way commute time of just 16 minutes, traveling to and from work is notably more convenient than the national average, which stands at 26 minutes.
Living in Hannibal can be a great experience for anyone relocating to the town. Having said that, in the state of Missouri, there are many incredible places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. Using the livability score which includes data from categories like cost of living, health & safety, employment, housing, you can easily compare the best places to live in Hannibal and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Hannibal to Missouri and the national average.
With a livability score of 71 out of 100, Hannibal is ranked #5,846 in the United States and #93 in Missouri. For each of the livability categories, we see that Hannibal ranks very well for cost of living (A+) and housing (A+). There are some categories that Hannibal scores poorly for, including: amenities (F), crime (F) and employment (D). It might be worth taking a closer look to determine why.
Finding affordable real estate and housing in Hannibal can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Assuming that Hannibal meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Hannibal. Everything else becomes a lot less important if it turns out that home prices in Hannibal are simply unattainable. Median real estate prices in Hannibal come in at $203,400, which is 18.5% lower than the Missouri average. The home price to income ratio compares the median home prices to the median household income. In Hannibal, the home price to income ratio is 3, which is 11.8% lower than the Missouri average.
| Statistic | Hannibal | Missouri | National |
| Average one way commute | 16min | 23min | 26min |
| Workers who drive to work | 81.1% | 81.6% | 76.4% |
| Workers who carpool | 10.7% | 9.1% | 9.3% |
| Workers who take public transit | 0.1% | 1.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.3% | 0.6% |
| Workers who walk | 2.1% | 1.9% | 2.8% |
| Working from home | 4.4% | 4.6% | 4.6% |