Hannibal, MO (zip code 63401) is a great place to live with plenty of local businesses nearby. It is located in the heart of America's Midwest on the banks of the Mississippi River and is known for its historic downtown area. Its population is estimated to be 18,773 as of 2019. The average two-bedroom rent in Hannibal, MO is $780 which is significantly lower than the national average 2 bedroom rent of $1,430. Additionally, grocery cost index in Hannibal stands at 94 compared to 100 nationally. This means that food costs are cheaper than most other areas in the country. Local businesses in Hannibal include Mark Twain Dinette & Casino, Sonic Drive-In, B&K Enterprises Inc., and 4C鈥檚 Automotive Repair & Towing among many others. With affordable housing and groceries, Hannibal offers an excellent cost of living making it attractive for those looking for a comfortable lifestyle without strain on their budget.
Hannibal (zip 63401) has an unemployment rate of 3.9%. The US average is 6.0%.
Hannibal (zip 63401) has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Hannibal (zip 63401)
- The Sales Tax Rate for Hannibal (zip 63401) is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Hannibal (zip 63401) is 5.9%. The US average is 4.6%.
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Income and Salaries for Hannibal (zip 63401)
- The average income of a Hannibal (zip 63401) resident is $27,074 a year. The US average is $37,638 a year.
- The Median household income of a Hannibal (zip 63401) resident is $52,895 a year. The US average is $69,021 a year.