Kennett, MO Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Kennett, MO is an excellent area for those looking for a quiet and relaxing lifestyle. It is the perfect place to settle down and enjoy the peace and quiet of the local community. The 2 bedroom rent in Kennett is only $710, making it a great option for those looking for affordability without sacrificing quality of life. The grocery cost index in Kennett is also 93 compared to 100 in the US, making it a great choice for budget-savvy people.
Kennett also has many local companies and attractions that are sure to keep you entertained. One of these companies is Clayborn's Electrical Services which specializes in providing expert electrical services for residential customers across Missouri, Arkansas, Tennessee and Mississippi. Another popular attraction is Tappan Lake Park where visitors can go swimming, hiking or enjoy camping with their family or friends. Additionally, there are several excellent restaurants including Tom's BBQ which offers delicious slow-smoked barbecue at reasonable prices along with other classic dishes like sandwiches and salads.

Kennett has an unemployment rate of 6.3%. The US average is 6.0%.

Kennett has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 7.9%, which is lower than the US average of 33.5%.

Tax Rates for Kennett
- The Sales Tax Rate for Kennett is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Kennett is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Kennett
- The average income of a Kennett resident is $18,641 a year. The US average is $28,555 a year.
- The Median household income of a Kennett resident is $50,127 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyKennett, MissouriUnited States
  6.36
  -1.2%-6.2%
  7.9%33.5%
  5.7%6.2%
  5.4%4.6%
  $27,032$37,638
  $50,127$69,021
  $61,861$85,028
  Population by Occupation
  2.5%1.2%
  0.3%0.5%
  4.4%6.8%
  13.3%10.0%
  1.9%2.5%
  9.7%11.0%
  3.6%4.8%
  1.2%0.8%
  0.3%1.9%
  2.6%4.7%
  1.6%1.9%
  1.5%7.6%
  0.0%0.1%
  3.4%4.2%
  12.1%9.3%
  21.1%14.0%
  0.0%2.1%
  8.5%7.0%
  5.9%4.8%
  6.1%4.7%
Health
Compare Kennett, MO
cost of living
Compare food, housing, utilities, and more in Kennett, Missouri to any other city in the US.