The cost of living index in Hannibal, MO, shows variations across different categories when compared to the nationwide average of 100. Housing costs in Hannibal are notably lower, at 72, indicating a 28% reduction. Conversely, transportation costs are slightly higher, at 95, representing a 5% increase. Breaking down other categories, groceries and utilities remain close to the national average, with groceries at 91 and utilities at 85. Healthcare costs also slightly exceed the national average, at 98, indicating a 8% increase. Miscellaneous expenses stand at 89, showing a 11% reduction. Overall, Hannibal offers a mixed picture of cost variations, making it a competitive location for job seekers looking to manage living expenses.
The cost of living index in Hannibal, Missouri, offers insights into how the expenses in the area compare to the nationwide average, which is set at 100. Hannibal residents experience a notably lower housing cost, with an index of 72. This means that housing expenses are about 28% lower than the national average. For those looking to save on housing, Hannibal presents a compelling option.
In other areas, Hannibal's cost of living remains relatively close to the national average. For example, groceries cost 91, which is just 9% lower than the national average. Utilities cost 85, putting them 15% below the average, while transportation costs sit at 95, only 5% below average. Healthcare, at 98, is virtually on par with the national average, offering peace of mind for those concerned about medical expenses. Miscellaneous costs, at 89, are 11% lower than average. Overall, Hannibal provides a cost-effective lifestyle with some areas offering significant savings.
