Average Salary in Kansas City, MO
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $87,404 | $42 |
| 75th Percentile | $71,865 | $35 |
| Average | $62,776 | $30 |
| 25th Percentile | $48,072 | $23 |
Contents
How much do you need to make to live comfortably in Kansas City?
The Median Household Income Needed to Live Comfortably in Kansas City. A homeowner should make around $68,000 a year to comfortably cover the monthly costs of a home in Kansas City. A family of four will spend on average $3,794 or more a month.
What salary do you need to live in Kansas City?
In Kansas City, you need to make nearly $68,000 yearly to comfortably be a new homeowner. The cost is even higher for renters. BREAKING IT DOWN: See how much a person needs to earn to live in the country’s biggest cities, including Kansas City, in the Kansas City Business Journal.
What is the average cost of living in Kansas City MO?
Kansas City cost of living is 86.2
| COST OF LIVING | Kansas City | Missouri |
|---|---|---|
| Grocery | 96.8 | 94.9 |
| Health | 94.5 | 97.6 |
| Housing | 63.3 | 69 |
| Median Home Cost | $195,300 | $194,000 |
Is Kansas City expensive to live?
With a cost of living 2.5 percent below the national average, from groceries to gas, utilities and housing, Kansas City is one of the most affordable cities in the Midwest. Cost of living indices are based on a U.S. average of 100. An amount below 100 means Kansas City, Missouri is cheaper than the U.S. average.
Is 110000 a good salary?
If you wonder is $110,000 a year is a good salary, consider this. The minimum wage in the United States is $7.25 an hour. If you make $110,000 a year, you make $52.88 per hour – you make more than 7 times the minimum wage.
Is $70000 a good salary for a single person?
According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018.An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
What is a livable wage in Kansas?
Living Wage Calculation for Kansas City, MO
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.40 | $20.25 |
| Poverty Wage | $6.13 | $6.30 |
| Minimum Wage | $9.45 | $9.45 |
What is a good salary in Missouri?
While ZipRecruiter is seeing salaries as high as $127,115 and as low as $19,161, the majority of salaries within the Average jobs category currently range between $46,266 (25th percentile) to $69,165 (75th percentile) with top earners (90th percentile) making $84,120 annually in Missouri.
Is it cheaper to live in Kansas or Missouri?
The cost of living in both states is comparable. Missouri’s cost of living is 85.9, lower than the national average of 100.Kansas’ cost of living is 83.1, lower than the national average of 100. The median home price here is lower than Missouri’s at $137,500, compared with $231,200 for the national average.
Is Kansas City a good place to live?
Ranked in the top 50 Best Places to Live in the U.S., this fast-growing Midwest metro is an excellent place to live for job opportunities, affordable housing, top-rated colleges, pro sports events, incredible arts and culture, and—of course—some of the best barbecue in America.
How is Kansas City economy?
The US average is 7.3%. – The Income Tax Rate for Kansas City is 6.9%. The US average is 4.6%.
Income and Salaries for Kansas City.
| ECONOMY | Kansas City, Missouri | United States |
|---|---|---|
| Unemployment Rate | 5.3% | 6.0% |
| Recent Job Growth | -3.8% | -6.2% |
| Future Job Growth | 32.5% | 33.5% |
| Sales Taxes | 8.6% | 6.2% |
How safe is Kansas City?
4 in the U.S. News & World Report’s “Most Dangerous Places in the U.S.” Kansas City, Missouri ranked No. 16 on the list. The ranking was based on murder and property crime rates per 100,000 people, according to the online study.
Why are houses so cheap in Kansas City?
The main reason Kansas City is so affordable is attributable to one thing; housing prices. The median home cost is just over $146,000, which is incredibly low compared to the rest of the United States. The median rent here is similar (although not as inexpensive). It’s $941 compared to the national average of $1062.
Is Kansas a cheap place to live?
Kansas is the fourth-cheapest state in America. The cost of living in Kansas is about 12.1% less than the rest of the country, and the average household income is about $41,644.
How much is electricity per month in Kansas City?
Cost of Housing
While the national average is rated 100, Kansas City comes in at 78; practically, the average rent cost in Kansas City, MO is $826, whereas the national average is $949. When you pay less for housing, you not only save money but you can also get much more space for less money.
What salary is upper class?
Those who earn more than $373,894 are rich.
What Is a Middle-Class Income?
| Income group | Income |
|---|---|
| Lower-middle class | $32,048 – $53,413 |
| Middle class | $53,413 – $106,827 |
| Upper-middle class | $106,827 – $373,894 |
How much is $100000 after taxes?
If you make $100,000 a year living in the region of California, USA, you will be taxed $30,460. That means that your net pay will be $69,540 per year, or $5,795 per month. Your average tax rate is 30.5% and your marginal tax rate is 43.1%.
What is $55 an hour annually?
If you make $55 per hour, your Yearly salary would be $107,250. This result is obtained by multiplying your base salary by the amount of hours, week, and months you work in a year, assuming you work 37.5 hours a week.
How much of a house can I afford if I make 70000?
How much should you be spending on a mortgage? According to Brown, you should spend between 28% to 36% of your take-home income on your housing payment. If you make $70,000 a year, your monthly take-home pay, including tax deductions, will be approximately $4,328.
What is a good salary for a family of 4?
Yes, a family of 4 can live on 100k per year. The average household income in the United States is approximately 73k according to the US Census Bureau. At this income level you would have to commute rather than live in the most expensive cities such as Boston, San Francisco, and Manhattan.
