Typical Expenses
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $23,984 | $40,117 |
| Annual taxes | $5,977 | $9,998 |
| Required annual income before taxes | $29,962 | $50,115 |
Contents
What is a good salary in Kansas City?
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 |
How much money do you need to live comfortably 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 cost of living in Kansas City KS?
Kansas City cost of living is 81.6
| COST OF LIVING | Kansas City | Kansas |
|---|---|---|
| Overall | 81.6 | 83.1 |
| Grocery | 93.9 | 93 |
| Health | 107.9 | 103.4 |
| Housing | 43.8 | 59.6 |
What is a good salary to live off?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
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.
How much do people make in Kansas City?
Workers in the Kansas City, MO-KS Metropolitan Statistical Area had an average (mean) hourly wage of $26.21 in May 2020, about 3 percent below the nationwide average of $27.07, the U.S. Bureau of Labor Statistics reported today.
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 |
Is living in Kansas City Expensive?
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.
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.
What is it like living in Kansas City?
Living in Kansas City offers residents an urban suburban mix feel and most residents own their homes. In Kansas City there are a lot of restaurants, coffee shops, and parks. Many families and young professionals live in Kansas City and residents tend to lean liberal. The public schools in Kansas City are above average.
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.
How much does it cost to build a home in Kansas City?
In May, a newly constructed home in Kansas City cost, on average, $486,770, according to data from the Kansas City Regional Association of Realtors.
Is $70 000 a year a good salary?
You can’t take it with you. The best things in life are free. But it’s a fact that you do need money to live, and the amount you need to live satisfactorily, to be able to feed a family and pay basic necessities, continues to grow.
Is 60k a good salary for a single person?
If you have a salary or income of $60,000, it means you’re making 5 figures a year. While you may be an average earner with such an annual income, it’s possible to live on it comfortably.So, the total income becomes more than the 60k you make a year. In case you’re living single, $60,000 a year is quite the prize.
Is 42000 a good salary?
Is $42,000 a good salary? $42k per year is a great salary depending on your family dynamics. In fact, here’s my $2,5000 monthly budget breakdown. However, everyone’s situation and finances are different.
Why are houses so cheap in Kansas City?
Why are houses so cheap in Kansas? There is a vast amount of buildable land in Kansas, making the houses much cheaper than in other states. Combined with the low cost of living in Kansas, this makes houses more affordable in Kansas. Renting a house is also cheaper in Kansas for the same reasons.
Is it worth living in Kansas?
The cost of living in Kansas is much lower than you’d expect it to be. What attracts most of the people to Kansas is that it’s extremely cheap to live here. The cost of living in the rural parts of Kansas is 21% lower than the national average, while the median family household earns about $55,000 per year.
How much is housing in Kansas?
Kansas cost of living is 83.1
| COST OF LIVING | Kansas | United States |
|---|---|---|
| Housing | 59.6 | 100 |
| Median Home Cost | $177,400 | $291,700 |
| Utilities | 104.4 | 100 |
| Transportation | 79.3 | 100 |
What is the minimum wage in Kansas?
$7.25
The minimum wage rate in Kansas is the same as the federal minimum wage rate, $7.25. It hasn’t changed since 2010. Kansas’ minimum wage rate applies to almost all employees, but here are some exceptions: Employers can take a “tip credit” of up to $5.12 per hour.
What is the poverty income in Kansas?
Income Guidelines
| Persons in Family/ Household | 100% Poverty Guidelines | 185% Poverty Guidelines |
|---|---|---|
| 1 | $12,880 | $23,828 |
| 2 | $17,420 | $32,227 |
| 3 | $21,960 | $40,626 |
| 4 | $26,500 | $49,025 |
