Kansas City, MO is a vibrant and thriving city with an impressive array of businesses that span many industries. It is home to several major companies such as Applebee's, Cerner Corporation, H&R Block, Garmin International, Hallmark Cards, the Kansas City Royals baseball team and Sprint Nextel. The cost of living in Kansas City is fairly low compared to other cities in the US with two bedroom rentals coming in at $1,210 per month versus the national average of $1,430. Grocery costs are also lower than the rest of the country with an index score of 97 compared to 100 nationally. With its strong economy and affordability for residents, Kansas City has become a sought-after destination for those looking for a great place to live and work.
Kansas City has an unemployment rate of 5.3%. The US average is 6.0%.
Kansas City has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Kansas City
- The Sales Tax Rate for Kansas City is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Kansas City is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Kansas City
- The average income of a Kansas City resident is $27,282 a year. The US average is $28,555 a year.
- The Median household income of a Kansas City resident is $60,042 a year. The US average is $69,021 a year.