Kansas City, Missouri is an attractive city for renters seeking affordable rent prices. According to the given content, two bedroom housing in Kansas City costs $1,080 per month compared to the national average of $1,430. The grocery cost index in Kansas City is only 96 compared to the US average of 100. This means that groceries are slightly cheaper in Kansas City than the nation average.
The area has a number of local companies that make it an attractive place to live. Cerner Corporation, a health care technology company employs more than 24 thousand people. One of the largest employers in the area is Ford Motor Company’s Claycomo Assembly Plant which provides jobs for around 7 thousand people. Big-box stores such as Walmart and Target also have a presence in Kansas City providing employment opportunities as well as competitive prices on groceries and other goods.
Overall, with its low rent prices and competitive cost of living, Kansas City is a desirable place to live for those looking for an affordable lifestyle without sacrificing many amenities.
Kansas City (zip 64116) has an unemployment rate of 5.3%. The US average is 6.0%.
Kansas City (zip 64116) 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 (zip 64116)
- The Sales Tax Rate for Kansas City (zip 64116) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Kansas City (zip 64116) 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 (zip 64116)
- The average income of a Kansas City (zip 64116) resident is $29,831 a year. The US average is $28,555 a year.
- The Median household income of a Kansas City (zip 64116) resident is $52,518 a year. The US average is $69,021 a year.