$68,000 yearly.
In Kansas City, you need to make nearly $68,000 yearly to comfortably be a new homeowner. The cost is even higher for renters. BREAKING IT DOWN: See how much a person needs to earn to live in the country’s biggest cities, including Kansas City, in the Kansas City Business Journal.
How much do you need to make to live in Kansas City MO?
To live comfortably in Kansas City for a family of four, you’ll need to make around $68K a year per household. Your expenses per month might average $3,150+ (gas, groceries, monthly utilities, etc.), and your home size could be 1800+ square feet.
What is a good salary in Kansas City Missouri?
A good salary in Kansas City, MO is anything over $42,000. That’s because the median income in Kansas City is $42,000, which means if you earn more than that you’re earning more than 50% of the people living in Kansas City. The average salary in Kansas City is $49,534.
Is it expensive to live in Kansas City Missouri?
With a cost of living 2.5 percent below the national average, from groceries to gas, utilities and housing, Kansas City is one of the most affordable cities in the Midwest. Cost of living indices are based on a U.S. average of 100. An amount below 100 means Kansas City, Missouri is cheaper than the U.S. average.
What is a livable salary in Missouri?
Living Wage Calculation for Missouri
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $16.29 | $37.10 |
| Poverty Wage | $6.19 | $12.74 |
| Minimum Wage | $11.15 | $11.15 |
Is it cheaper to live in Kansas City or St Louis?
Kansas City is 6.0% more expensive than St. Louis. Kansas City housing costs are 26.6% more expensive than St. Louis housing costs.
Why is Kansas City so cheap?
The main reason Kansas City is so affordable is attributable to one thing; housing prices. The median home cost is just over $146,000, which is incredibly low compared to the rest of the United States. The median rent here is similar (although not as inexpensive). It’s $941 compared to the national average of $1062.
How much does the average person make in Kansas City?
How much does an Average make in Kansas City, Missouri? As of Aug 3, 2022, the average annual pay for the Average jobs category in Kansas City is $65,690 a year. Just in case you need a simple salary calculator, that works out to be approximately $31.58 an hour. This is the equivalent of $1,263/week or $5,474/month.
What should I know before moving to Kansas City?
If you’re moving to Kansas City, then you are going to need a car. KC has a high crime rate. Kansas City has a higher crime rate than most U.S. cities. Do your research on the area you’re planning to move to and decide if it’s safe for you and your family.
What is the area median income for Kansas City?
Median Household Income
Households in Kansas City, MO have a median annual income of $55,259, which is less than the median annual income of $65,712 across the entire United States. This is in comparison to a median income of $54,372 in 2018, which represents a 1.63% annual growth.
Is Kansas City Missouri a safe place to live?
How safe is Kansas City, MO? The metropolitan area’s violent crime rate was higher than the national rate in 2020. Its rate of property crime was higher than the national rate.
Why is the cost of living so low in Missouri?
Because the median home value in Missouri is about 30% less than the national average. This makes Missouri housing one of the cheapest places in the United States. Since it routinely ranks in the top 10 most affordable.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
What qualifies as low income in Missouri?
You must have a net household income of less than $885 per month if single or widowed. You must have a net household income of less than $1,198 per month if married. Your assets cannot exceed $2,000 if single. Your household assets cannot exceed $4,000 if married.
What is a good hourly wage in Missouri?
Hourly Rate Salary in Missouri
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $71,126 | $34 |
| 75th Percentile | $43,704 | $21 |
| Average | $48,672 | $23 |
| 25th Percentile | $25,279 | $12 |
What is a good salary for a single person in Missouri?
$42,418 is the 25th percentile. Salaries below this are outliers. $85,694 is the 90th percentile. Salaries above this are outliers.
Where should I not live in Kansas City?
Most Dangerous Neighborhoods in Kansas City
- Washington Weatley. Washington Weatley is the number one most dangerous neighborhood in Kansas City.
- Palestine West and Oak Park Northeast.
- East Community Team South.
- East Sqope Highlands.
- North Town Fork Creek.
- Longfellow.
- Ivanhoe Southeast.
- Marlborough Heights.
Which is safer Kansas City or St. Louis?
St. Louis received a quality of life score of 5.4 out of a possible 10, and a value score of 7.7. The city’s overall score is 6.3. Kansas City scored 6 for quality of life, 7.7 for value and 6.7 overall.
Is it better to live in Kansas City Kansas or Missouri?
In terms of quality of life, a U.S. News and World Report report ranked Kansas and Missouri towards the top. Kansas ranked 16th overall, scoring high marks for community engagement and urban air quality, with pollution health risks and drinking water quality ranking worse than average.
Is the housing market slowing down Kansas City?
Active listings are down by 7% year-over-year, while average sales prices have increased by almost 10% over the last 12 months. As homes become more expensive and harder to find, many households in Kansas City are choosing to rent rather than own.
Is Kansas City a buyers or sellers market?
Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace. It is a good indicator of whether a real estate market favors buyers or sellers, and Kansas City is a seller’s market.