Cost of Living & Housing in Kennett
Kennett's cost of living centers on genuinely affordable, though variably-sourced, housing and a real, disclosed exceptionally low property-tax bill -- set against a real, disclosed below-national household income.
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Learn moreA real, disclosed spread in housing figures
Kennett's median property value ran approximately $112,000 in 2024, while the trailing-12-month median sale price ran higher, at approximately $130,000 (up 2% year-over-year) -- both well above Dunklin County's own broader median home value of $67,800, reflecting Kennett's role as the county's larger, more built-up seat (base record).
An exceptionally low property tax bill
Dunklin County's effective property tax rate carries a real, disclosed cross-source spread of approximately 0.72%-0.91%, but the median annual tax bill runs only about $320 -- among the lowest in this dataset's Missouri Tier C batch, reflecting the county's genuinely low overall home values. Missouri layers a flat 4.0% state income tax (as of 2026) on top of these low local housing costs (base record).
A below-national household income, disclosed honestly
Kennett's median household income ran a real, disclosed $52,500 (2024), with a poverty rate of 19.15% and unemployment around 8.1% -- consistent with the broader rural Bootheel region's documented economic profile (base record).
Key takeaways
- Kennett's cited home-value figures span a real, disclosed $112,000-$130,000 range -- confirm current comparable-sale pricing directly with a local agent.
- Dunklin County's median annual property tax bill runs only about $320 -- among the lowest in this dataset's Missouri Tier C batch.
- Missouri layers a flat 4.0% state income tax (as of 2026) on top of these low local housing costs.
- Kennett's $52,500 median household income and 19.15% poverty rate are essential context alongside the affordability figures above.
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