salaryRent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 15.3 minutes.
How much money do I need?
To rent here comfortably, you should earn about $26,840 a year. That is $13 an hour at a full-time job.
Is rent cheaper than other Missouri cities?
Yes. Rent here is cheaper than in most of Missouri. It is number 3 of 142 cities from cheapest to most expensive.
How much do households earn in Hannibal?
Share of households by yearly income. 11.7% of households earn $100,000 or more.
Rent by apartment size in Hannibal
| Size | Hannibal | U.S. average |
|---|---|---|
| Studio | $616 | $1,338 |
| 1 bedroom | $424 | $1,324 |
| 2 bedrooms | $930 | $1,509 |
| 3 bedrooms | $1,137 | $1,698 |
| 4 bedrooms | $1,010 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Hannibal overall?
Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hannibal, so the Missouri figure is shown.
Taxes and bills in Hannibal
Life in Hannibal
Is it cheaper to rent or buy in Hannibal?
Renting is cheaper right now: about $215 a month less.
Owning assumes a typical $127,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $12,770 for the down payment.
Frequently asked questions
What is the average rent in Hannibal, MO?
Renting in Hannibal costs a median of about $671 a month in 2026, including utilities. The Missouri median is $1,285.
How much do I need to make to live in Hannibal?
To keep rent under 30% of income, you need about $26,840 a year, or $13 an hour at a full-time job.
Is Hannibal cheap or expensive?
Hannibal is rated Cheap: rent takes 13.9% of the typical household income of $57,938. It ranks 3rd cheapest of 142 Missouri cities we track.
How much are property taxes in Hannibal?
The median homeowner in Hannibal pays $1,096 a year in property taxes, about 0.86% of the median home value.
Is Hannibal more expensive than the national average?
Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Hannibal?
The median home value in Hannibal is $127,700, about 2.2 times the typical yearly household income.
16,771 people live in Hannibal. Numbers are typical (middle) values.