| Index | Kennett | Missouri | National |
| Cost of living | 82 | 90 | 100 |
| Groceries | 98 | 96 | 100 |
| Health care | 93 | 97 | 100 |
| Housing | 52 | 77 | 100 |
| Transportation | 91 | 96 | 100 |
| Utilities | 94 | 95 | 100 |
| Lifestyle & Entertainment | 93 | 95 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 91 | 95 | 100 |
Knowing the cost of living in Kennett allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Kennett stands at 82, marking it 18% lower than the national average.
Kennett housing costs are 47.6% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Kennett residents can earmark a more manageable portion of their income to housing.
Is Kennett an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Kennett is 48.8% lower than the national average, while the average monthly rent prices are 44.7% lower than average. The affordability of any location can also be influenced by median income levels. Kennett has a median household income of $59,833, which is 26.4% lower than the national average.
Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Kennett, the utilities index is 5.8% lower than the national average.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Kennett, the groceries index is 1.7% lower than the national average.
Urbanization: Larger, urban hubs brimming with ample amenities and robust employment opportunities often showcase a heightened cost of living. This surge is primarily attributed to the amplified demand for services and increased residential migration, culminating in elevated home prices and elevated rental rates. Conversely, less densely populated rural locales or regions characterized by reduced demand tend to offer a more limited array of amenities and undergo slower job market growth, ultimately yielding a more affordable cost of living.
The cost of living estimates displayed for Kennett are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $86,541 | $7,212 | $2,019 | $2,596 |
| Renters | $37,899 | $3,158 | $884 | $1,137 |
| 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. |
| Rives, MO | 105 | 94 | 5.6% |
| Bragg City, MO | 136 | 94 | 5.6% |
| Homestown, MO | 59 | 68 | 32.3% |
| Nimmons, AR | 85 | 71 | 28.9% |
| Holland, MO | 144 | 73 | 27.5% |
| Kennett, MO | 10,386 | 82 | 18.2% |
| City | Population | Cost of Living Index | National Avg. |
| St. Albans, WV | 10,386 | 89 | 11.1% |
| Lexington, NE | 10,384 | 89 | 10.8% |
| Brandon, SD | 10,388 | 104 | 4.1% |
| Bithlo, FL | 10,399 | 115 | 14.8% |
| Chalco, NE | 10,372 | 96 | 4.3% |
| Kennett, MO | 10,386 | 82 | 18.2% |
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