Kansas City, MO is a vibrant and diverse city with plenty of opportunities for locals. The 2-bedroom rent average in Kansas City, MO (zip code 64118) is $1120, which is significantly cheaper than the US average of $1430. Grocery costs in the same area are also relatively cheaper than the US average with a grocery cost index of 97 versus 100 in the US.
Local companies that make Kansas City, MO an interesting place to live include Cerner Corporation, H&R Block, KCI Technologies Inc., Hallmark Cards Inc., Burns & McDonnell Engineering Co., Commerce Bank and Coronado Advisors LLC among others. These companies provide employment opportunities for people living in this area and contribute to its economy.
There are several differences between Kansas City, MO and other parts of the US that make it a desirable location to live. One is its affordability; not only is rent much lower than the national average but grocery costs are also significantly lower than they are elsewhere in the country. Additionally, Kansas City offers plenty of job opportunities due to its thriving industries such as healthcare technology and financial services.
Kansas City (zip 64118) has an unemployment rate of 5.3%. The US average is 6.0%.
Kansas City (zip 64118) has seen the job market decrease by -3.8% 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 64118)
- The Sales Tax Rate for Kansas City (zip 64118) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Kansas City (zip 64118) 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 64118)
- The average income of a Kansas City (zip 64118) resident is $32,912 a year. The US average is $37,638 a year.
- The Median household income of a Kansas City (zip 64118) resident is $62,980 a year. The US average is $69,021 a year.