Quick facts: Kennett, MO

Quick Facts

94.1
Cost of Living
below US average
10,229
Population
42.53
Crime Rate per 1000
above US average
$52,907
Median Income
below US average
$84,900
Median House Price
above US average
$678.0
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $52,907.

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Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $84,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($52,907) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$29k/year
Based on $678.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($52,907) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Kennett, MO

Kennett, Missouri, located in Dunklin County, is a small city known for its rich agricultural backdrop and close-knit community. With a population of approximately 10,000 residents, Kennett serves as a regional hub for commerce and trade in the southeast part of the state. The city is situated near the banks of the St. Francis River, providing a scenic environment for outdoor enthusiasts. One of Kennett's most notable features is its vibrant history in the cotton industry, which played a significant role in shaping the local economy. Today, the city hosts several annual festivals, including the Delta Blues Festival, celebrating its cultural heritage and musical influences. Kennett boasts a range of local amenities, including parks, schools, and recreational facilities, which cater to both families and individuals. The city's location offers convenient access to major highways, facilitating travel to nearby cities like Cape Girardeau and Jonesboro, Arkansas. Overall, Kennett is characterized by its friendly atmosphere, strong sense of community, and a rural charm that reflects its agricultural roots.

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