Kennett, MO Metro Area is a great place to live with affordable housing and an attractive cost of living. The average two bedroom rent in the area is only $750 whereas the nationwide average for two bedroom rent is $1,430. Additionally, the grocery cost index in Kennett Metro Area is 91 versus 100 in the US. This impressive affordability makes it a perfect place to settle down or raise a family.
The area also has an array of employment opportunities at many local companies including Agri labs, Nucor Steel, and Herbalife Nutrition Center. Businesses located in Kennett are experiencing growth due to the city’s advantageous location as they get access to a larger consumer pool with close proximity to larger cities such as St Louis and Little Rock Arkansas. Kennett boasts a strong sense of community and offers plenty of recreational activities to stay entertained during your spare time such as visiting one of the many parks or golf courses nearby.
Kennett Metro Area has an unemployment rate of 6.3%. The US average is 6.0%.
Kennett Metro Area 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 Metro Area
- The Sales Tax Rate for Kennett Metro Area is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Kennett 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 Kennett Metro Area
- The average income of a Kennett Metro Area resident is $18,158 a year. The US average is $28,555 a year.
- The Median household income of a Kennett Metro Area resident is $42,194 a year. The US average is $69,021 a year.