Hannibal, MO Cost Of Living
Cost Of Living In Hannibal, MO Summary
Cost of living in Hannibal 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 Hannibal 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 Hannibal is 86, with 100 being the average.
The cost of living index in Hannibal is 0.9x lower than the national average.
Hannibal ranks as the #47 cheapest in Missouri out of 143.
Hannibal ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Hannibal is $115,900.
The median income in Hannibal is $47,500.
Table Of Contents
Hannibal's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Hannibal, MO?
According to the most recent data on the cost of living, Hannibal has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to Missouri, Hannibal has a cost of living index that's 1.0x lower than Missouri's index of 89.
The standard of living in Hannibal ranks as #47 most affordable out of the 143 places we measured in Missouri. By definition, that implies Hannibal ranks as the #96 most expensive place in the Show Me State.
For more reading on life in Hannibal, check out:
- Living In Hannibal
- Hannibal Crime Report
- Search Homes For Sale In Hannibal, MO
In Missouri
In America
Hannibal Cost Of Living Vs. Missouri
Six factors go into calculating the cost of living index in Hannibal. Here is how it fairs on each of the criteria:
The Services index in Hannibal is 98.
The Groceries index in Hannibal is 101.
The Health index in Hannibal is 99.
The Housing index in Hannibal is 53.
The Transportation index in Hannibal is 88.
The Utilities index in Hannibal is 99.
| Living Expense | Hannibal | Missouri | National Average | |
|---|---|---|---|---|
| Overall | 86 | 89 | 100 | |
| Services | 98 | 92 | 100 | |
| Groceries | 101 | 96 | 100 | |
| Health | 99 | 88 | 100 | |
| Housing | 53 | 79 | 100 | |
| Transportation | 88 | 95 | 100 | |
| Utilities | 99 | 95 | 100 | |
Hannibal, MO Housing Cost Breakdown
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 2017-2021. The key points are:
The Median Home Value in Hannibal is $115,900.
The Median Rent in Hannibal is $717.
The Median Income in Hannibal is $47,500.
The Home Value To Income in Hannibal is 2.4x.
The Rent To Monthly Income in Hannibal is 0.18x.
| Statistic | Hannibal | Missouri | United States |
|---|---|---|---|
| Median Home Value | $115,900 | $171,800 | $244,900 |
| Median Rent | $717 | $886 | $1,163 |
| Median Income | $47,500 | $61,043 | $69,021 |
| Home Value To Income | 2.4x | 2.8x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Hannibal, MO Costs By Category
Detailed Hannibal Services Costs Vs. Missouri
Detailed Hannibal Groceries Costs Vs. Missouri
Detailed Hannibal Health Costs Vs. Missouri
Detailed Hannibal Transportation Costs Vs. Missouri
Detailed Hannibal Utilities Costs Vs. Missouri
Hannibal SnackAbility
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Cost Of Living In Cities Around Hannibal
The cost of living varies in the cities and towns around Hannibal. Here's a quick look at the cost of living in the most populous nearby places:
Quincy, IL has a cost of living index of 83, 1.0x Hannibal.
Monroe, NC has a cost of living index of 97, 1.1x Hannibal.
Middletown, NY has a cost of living index of 107, 1.2x Hannibal.
| City | Population | Cost Of Living | Vs. Hannibal |
|---|---|---|---|
| Quincy, IL | 39,687 | 83 | 1.0x |
| Monroe, NC | 34,464 | 97 | 1.1x |
| Middletown, NY | 30,086 | 107 | 1.2x |
| Mexico, MO | 11,592 | 87 | 1.0x |
| Keokuk, IA | 9,977 | 78 | 0.9x |
| Lewistown, MT | 5,967 | 86 | 1.0x |
