Kennett, MO, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index in Kennett stands at 86, which is 14% below the national average of 100. This lower cost of living makes Kennett an attractive option for job seekers looking to maximize their purchasing power.
Specifically, housing costs in Kennett are 18% below the national average, while groceries are only 10% below. Utilities and healthcare costs are slightly above the national average, but transportation and miscellaneous expenses are significantly lower. This balanced cost structure provides a favorable environment for those seeking both affordability and quality of life.
The cost of living index in Kennett, MO, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Kennett are notably lower, with an index of 82. This means residents spend 18% less on housing compared to the average American. Lower housing costs can make Kennett an attractive option for those looking to save on one of the largest monthly expenses.
In other areas, Kennett also shows competitive costs. Groceries have an index of 90, which is 10% less than the national average. Utilities are slightly above average at 95, indicating a minimal increase of 5%. Transportation costs are at 85, meaning residents save 15% on this expense. Healthcare costs are at 88, which is a 12% savings compared to the national average. Miscellaneous expenses, with an index of 80, show a 20% reduction. Overall, Kennett offers a cost of living that is 10% below the national average, making it a potentially attractive location for those seeking affordability.
