Kansas City, MO Metro Area is a vibrant city with lots to offer. It is home to several major companies such as UMB Financial Corporation, Hallmark Cards Inc., and Sprint Nextel Corporation. The city boasts a strong economy with plenty of job opportunities across various industries. The cost of living is lower than the national average, with two-bedroom rents averaging at $1,160 compared to the US average of $1,430 and a grocery cost index of 97 compared to 100 in the US. The city also offers a wide range of cultural activities and entertainment that residents can enjoy.
Kansas City Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Kansas City Metro Area 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 Metro Area
- The Sales Tax Rate for Kansas City Metro Area is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Kansas City Metro Area 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 Metro Area
- The average income of a Kansas City Metro Area resident is $30,101 a year. The US average is $28,555 a year.
- The Median household income of a Kansas City Metro Area resident is $73,299 a year. The US average is $69,021 a year.