Jennings, MO

Very Low · 50

Missouri · Population 12,900 · Updated March 2026

$944
Median Rent / Month
$37,356
Median Income
$62,300
Median Home Value
$906
Owner Costs / Month

Affordability

How far your income goes in Jennings

30.3%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Missouri

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
4.225%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$11,328
Annual Rent
$1,849
State Income Tax
$579
Property Tax (est.)

Cost of Living Overview

Jennings is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 50 (where 100 equals the national median), Jennings residents can expect to pay median rent of $944/month while earning a median household income of $37,356/year.

The median home value in Jennings, MO is $62,300, with typical monthly owner costs around $906 including mortgage, insurance, and taxes. At 30.3% rent-to-income ratio, residents of Jennings are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Missouri has a moderate income tax rate of 4.95%. Combined with a 4.225% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Jennings.

Frequently Asked Questions

Common questions about living costs in Jennings

What is the cost of living in Jennings, MO?
The cost of living index in Jennings, MO is 50 (US average = 100). Median monthly rent is $944, median household income is $37,356/year, and the median home value is $62,300.
Is Jennings, MO affordable?
Yes, Jennings is more affordable than the national average with a cost index of 50. The rent-to-income ratio is 30.3%—above the 30%% affordability threshold.
What is the average rent in Jennings, MO?
The median gross rent in Jennings, MO is $944 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,328.
What is the median household income in Jennings?
The median household income in Jennings, MO is $37,356 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Missouri?
Missouri has a top income tax rate of 4.95%, a sales tax of 4.225%, and an effective property tax rate of 0.93%.