Cost of Living in Hannibal
Hannibal's cost of living pairs genuinely below-national home values against a property-tax rate that runs above the national median, Missouri's statewide average, and the county-wide average.
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Learn moreA real, disclosed home-value spread, all below the national median
Hannibal's home-value figures carry a real, disclosed cross-source spread: Zillow's typical home value ran $138,274 (up 2.9% year-over-year), Redfin's median sale price ran a similar $139,000 (down 2.5%), while a separately cited single-family-specific figure ran a notably higher $185,197.
A property-tax rate above every comparison figure -- with a disclosed internal tension
Hannibal's own median effective property tax rate (1.18%, Ownwell) runs above the national median, Missouri's statewide average, and a separately cited Marion County-wide average (0.84%-0.86%). The same source's separately cited median tax bill ($595) runs low relative to the rate figure -- a real, disclosed tension this record does not force-reconcile.
A genuinely modest income picture
Hannibal's median household income ($53,721) runs below the national median, and the city's real, disclosed 19.48% poverty rate reflects a genuinely modest economic base.
Missouri's flat 4.0% income tax applies statewide
Missouri's real, current flat 4.0% state income tax (effective January 1, 2026) applies in Hannibal exactly as it does statewide; Hannibal levies no separate city income tax of its own.
Key takeaways
- Home values carry a real, disclosed spread ($138,274-$185,197), all well below the national median.
- Effective property tax rate (1.18%) tops the national median, Missouri's statewide average, and the county average.
- A separately cited low tax-bill figure ($595) sits in real, disclosed tension with the rate figure.
- Missouri's flat 4.0% state income tax applies regardless of city.
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