| Index | Jennings | Missouri | National |
| Cost of living | 83 | 90 | 100 |
| Groceries | 99 | 96 | 100 |
| Health care | 98 | 97 | 100 |
| Housing | 49 | 77 | 100 |
| Transportation | 95 | 96 | 100 |
| Utilities | 93 | 95 | 100 |
| Lifestyle & Entertainment | 99 | 95 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 97 | 95 | 100 |
Getting a feel for the cost of living in Jennings is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Jennings is 83, which is 17% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Housing costs often consume a significant share of your take-home income, often surpassing 30%. Fortunately, Jennings distinguishes itself by reporting housing expenses that are 51.3% below the national average. This indicates that both owning a home and renting in this area are notably more budget-friendly compared to the rest of the nation. With such favorable housing affordability, residents of Jennings can allocate more of their income to housing, enhancing their financial flexibility.
Is Jennings affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Jennings, the median home price is 66% lower than the national average and monthly rent prices are 17.1% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Jennings boasting a median household income of $48,228, 40.7% lower than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Jennings, the baseline sales tax rate begins at 4.225%, and income tax rates start at 2%.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The Jennings cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical city-to-city comparisons.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $71,112 | $5,926 | $1,659 | $2,134 |
| Renters | $32,625 | $2,719 | $761 | $979 |
| State | General Sales Tax | With Max Surtax |
| Missouri | 4.225% | 10.85% |
| State | Income Tax (Low) | Income Tax (High) |
| Missouri | 2% | 4.95% |
| City | Population | Cost of Living Index | National Avg. |
| Champ, MO | 3 | 96 | 4.1% |
| Brooklyn, IL | 445 | 74 | 26.2% |
| East St. Louis, IL | 27,033 | 77 | 22.5% |
| Alorton, IL | 2,149 | 78 | 22.3% |
| East Carondelet, IL | 330 | 78 | 22.2% |
| Jennings, MO | 15,259 | 83 | 17.4% |
| City | Population | Cost of Living Index | National Avg. |
| Sunset, FL | 15,259 | 135 | 34.5% |
| Mercier, QC | 15,257 | n/a | |
| Hobe Sound, FL | 15,254 | 108 | 7.7% |
| Mount Vernon, IL | 15,250 | 86 | 14.4% |
| Tonawanda, NY | 15,243 | 98 | 2.5% |
| Jennings, MO | 15,259 | 83 | 17.4% |
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