Cost of living in Kennett research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Kennett is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Missouri, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Kennett is 81, with 100 being the average.
The cost of living index in Kennett is 0.8x lower than the national average.
Kennett ranks as the #9 cheapest in Missouri out of 142.
Kennett ranks as the #158 cheapest out of 6,489 in the US.
The median home value in Kennett is $107,561.
The median income in Kennett is $53,164.
According to the most recent data on the cost of living, Kennett has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Missouri, Kennett has a cost of living index that's 0.9x lower than Missouri's index of 88.
The standard of living in Kennett ranks as #9 most affordable out of the 142 places we measured in Missouri. By definition, that implies Kennett ranks as the #133 most expensive place in the Show Me State.
For more reading on life in Kennett, check out:
Six factors go into calculating the cost of living index in Kennett. Here is how it fairs on each of the criteria:
The Services index in Kennett is 94.
The Groceries index in Kennett is 95.
The Health index in Kennett is 76.
The Housing index in Kennett is 53.
The Transportation index in Kennett is 88.
The Utilities index in Kennett is 87.
| Living Expense | Kennett | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 81 | 88 | 100 | |
| Services | 94 | 93 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 76 | 91 | 100 | |
| Housing | 53 | 78 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 87 | 99 | 100 | |
Housing swings affordability the most between places in Missouri, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Kennett is $107,561.
The Median Rent in Kennett is $600.
The Median Income in Kennett is $53,164.
The Home Value To Income in Kennett is 2.0x.
The Rent To Monthly Income in Kennett is 0.14x.
The cost of living varies in the cities and towns around Kennett. Here's a quick look at the cost of living in the most populous nearby places:
Jonesboro, AR has a cost of living index of 91, 1.1x Kennett.
Paragould, AR has a cost of living index of 86, 1.1x Kennett.
Poplar Bluff, MO has a cost of living index of 84, 1.0x Kennett.
| City | Population | Cost Of Living | Vs. Kennett | 
|---|---|---|---|
| Jonesboro, AR | 79,187 | 91 | 1.1x | 
| Paragould, AR | 29,940 | 86 | 1.1x | 
| Poplar Bluff, MO | 16,243 | 84 | 1.0x | 
| Dyersburg, TN | 16,075 | 86 | 1.1x | 
| Blytheville, AR | 13,026 | 82 | 1.0x | 
| Dexter, MO | 7,906 | 79 | 1.0x | 
| Trumann, AR | 7,432 | 84 | 1.0x | 
| Osceola, AR | 6,807 | 82 | 1.0x | 
| Caruthersville, MO | 5,426 | 80 | 1.0x |