Quick facts: Hannibal, MO

Quick Facts

94.1
Cost of Living
below US average
16,938
Population
38.32
Crime Rate per 1000
above US average
$52,746
Median Income
below US average
$99,900
Median House Price
above US average
$930.0
Average Rent
below US average
12%
Poverty Rate
above US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,746.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,746) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$40k/year
Based on $930.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($52,746) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hannibal, MO

Hannibal, Missouri, located along the banks of the Mississippi River, is best known as the hometown of the famous author Mark Twain. This charming city combines rich history with a vibrant cultural scene and offers numerous attractions for visitors. One of the most notable is the Mark Twain Boyhood Home and Museum, where you can explore the author's early life and inspirations. The historic downtown area features well-preserved 19th-century architecture and a variety of shops, restaurants, and galleries. Hannibal is also home to several scenic parks and riverfront areas, making it a lovely destination for outdoor enthusiasts. The annual Mark Twain Days festival celebrates the city's literary heritage with parades, live entertainment, and historical reenactments. Additionally, the Hannibal Riverfront and the adjacent trails provide opportunities for walking, biking, and enjoying picturesque views of the river. With its blend of history, literature, and natural beauty, Hannibal offers a unique and enriching experience for visitors and residents alike.

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