Kearney, Missouri Cost Of Living

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C

Overall 2%

Goods & Services 2%

Housing 10%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Kearney	Missouri	National
Cost of living	98	91	100
Goods & Services	102	96	100
Groceries	104	99	100
Health care	107	99	100
Housing	90	78	100
Transportation	97	95	100
Utilities	98	98	100

Key findings

The cost of living in Kearney is 8% higher than the Missouri average
The cost of living in Kearney is 2% lower than the national average
Kearney housing is 10% lower than the national average
Missouri general sales tax is 17% lower than the national average
Missouri state income tax is 39% lower than the national average

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Price difference in compared to

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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$80,692	$6,724	$1,883	$2,421
Renters	$36,535	$3,045	$852	$1,096

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Kearney, MO, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Kearney, homeowners have a median income of $80,692. Using that number, a maximum of $1,883 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $36,535, which means there is a maximum of $852 to be spent on the costs of renting a home or apartment.

Missouri Sales Tax

State	General Sales Tax	With Max Surtax
Missouri	4.225%	10.85%

Missouri Income Tax

State	Income Tax (Low)	Income Tax (High)
Missouri	1.5%	5.4%

Goods & Services

Item	Kearney	National avg.	Difference
Haircut	$18.00	$17.49	2.9%
Beauty Salon	$35.50	$38.17	7.0%
Toothpaste	$1.95	$2.32	16.0%
Shampoo	$1.04	$1.01	2.8%
Movie	$10.36	$10.72	3.4%
Bowling	$17.40	$13.86	25.5%

Groceries

Item	Kearney	National avg.	Difference
Ground Beef	$4.69	$3.90	20.3%
Fried Chicken	$1.78	$1.40	27.5%
Milk	$2.08	$1.96	6.0%
Potatoes	$3.06	$3.18	3.9%
Pizza	$9.79	$10.39	5.8%
Beer	$8.42	$9.23	8.8%

Health Care

Item	Kearney	National avg.	Difference
Optometrist	$106.33	$106.34	0.0%
Doctor	$136.48	$115.25	18.4%
Dentist	$103.00	$98.38	4.7%
Ibuprofen	$8.98	$9.26	3.0%
Lipitor	$491.85	$466.47	5.4%

Housing

Item	Kearney	National avg.	Difference
Home Price	$158,100.00	$184,700.00	14.4%
Avg. Mortgage Payment	$977.42	$1,273.32	23.2%
Apartment Rent	$943.00	$949.00	0.6%

Transportation

Item	Kearney	National avg.	Difference
Gasoline	$2.55	$2.59	1.8%
Tire Balancing	$47.90	$48.90	2.0%

Utilities

Item	Kearney	National avg.	Difference
All Electricity	$156.97	$167.60	6.3%
Phone	$186.87	$163.42	14.4%

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.
River Bend, MO	1	101	1%
Mosby, MO	204	83	-17%
Excelsior Estates, MO	203	83	-17%
Elmira, MO	40	84	-16%
Homestead, MO	162	86	-14%
Kearney, MO	9,259	98	-2%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Aliquippa, PA	9,258	85	-15%
Larkfield-Wikiup, CA	9,257	159	59%
Augusta, KS	9,262	88	-12%
Grants, NM	9,263	81	-19%
Grosse Pointe Farms, MI	9,265	117	17%
Kearney, MO	9,259	98	-2%

Source: The Kearney, MO cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Kearney, MO Cost of Living

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