Hannibal, Missouri Metro Area is a vibrant small city located on the banks of Mississippi River. This city offers plenty of amenities to locals such as top-tier medical centers, educational institutions, and a variety of entertainment options. Additionally, there are many businesses in Hannibal such as Big River Outdoor Adventures, an outdoor equipment company; Mark Twain Museum Complex for history buffs; The Elegant Farmer Store for antiques; and so many more. When it comes to living expenses in Hannibal, the 2 bedroom rent is $790 which is much cheaper than the US average of $1,430. Moreover, the Grocery Cost Index in Hannibal is 96 versus 100 in the US which indicates that groceries are relatively cheaper compared to other places. All these factors combined make Hannibal an affordable place to live with plenty of opportunities available.
Hannibal Metro Area has an unemployment rate of 3.9%. The US average is 6.0%.
Hannibal Metro Area has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Hannibal Metro Area
- The Sales Tax Rate for Hannibal Metro Area is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Hannibal Metro Area 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 Hannibal Metro Area
- The average income of a Hannibal Metro Area resident is $22,955 a year. The US average is $28,555 a year.
- The Median household income of a Hannibal Metro Area resident is $57,072 a year. The US average is $69,021 a year.