Article Table Of Contents
What do 2.9 million Kansas residents know that we don't? Well, besides how cool it is that Cawker City owns the biggest ball of twine and how much fun can be had at the Big Brutus Polka Fest in West Mineral, Kansans know that The Sunflower State has some of the most affordable places to live in America.
And lucky for you, HomeSnacks is here to unravel Kansas' most affordable places for 2020.
The competition was fierce to say the least. Many of Kansas' top ten most affordable places boast great home prices, safe neighborhoods, and good jobs. Any one of these Kansas places would be a great place to enjoy life while saving money. Not only does living in Kansas' most affordable places free up cash for a better home, a safer community, and just your overall cost of living, it provides extra money for the fun 'Kansas' things to do and see. Like, catching a Kansas City Royals game or taking a road trip to Louisburg's Dancefestopia Music Festival.
And it just so happens that some of Kansas' most affordable are also on our top ten best places to live in The Jayhawker State. So, living in many of our most affordable places will make you feel like you've won the Kansas Lottery. Want to know more? We suggest you crank some Kansas, head to the top of Mount Sunflower in Wallace County, and read on.
What's the cheapest place to live in Kansas according to the most recent census data? There can be only one most affordable place in Kansas for 2020, and that would be Pratt.
So, if you care about home values and affordability, take a look at the list below to see where your Kansas dollar will go the furthest. And if you don't find your favorite there, head to the bottom.
And if you already knew these places were cheap, check out some more reading about Kansas and the cheapest places in the country:
The 10 Cheapest Places To Live In Kansas For 2020
Pratt is a city in and the county seat of Pratt County, Kansas, United States. As of the 2010 census, the city population was 6,835. Pratt is home to Pratt Community College.
The median income in Pratt comes in at $50,771 and the median home value is $85,300 for 2020.
Ulysses is a city in and the county seat of Grant County, Kansas, United States. It is named after Ulysses S. Grant, the 18th President of the United States. As of the 2010 census, the city population was 6,161.
The median income in Ulysses comes in at $52,986 and the median home value is $101,900 for 2020.
Parsons is a city in Labette County, Kansas, United States. As of the 2010 census, the city population was 10,500. It is the most populous city of Labette County, and is the second-most populous city in the southeastern region of Kansas.
The median income in Parsons comes in at $41,653 and the median home value is $69,000 for 2020.
Concordia is a city in and the county seat of Cloud County, Kansas, United States. It is located along the Republican River in the Smoky Hills region of the Great Plains in north-central Kansas. As of the 2010 census, the city population was 5,395. Concordia is home of the Cloud County Community College and the Nazareth Convent and Academy.
The median income in Concordia comes in at $41,074 and the median home value is $74,700 for 2020.
Mulvane is a city in Sedgwick and Sumner counties in the U.S. state of Kansas and a suburb of Wichita. As of the 2010 census, the city population was 6,111.
The median income in Mulvane comes in at $64,388 and the median home value is $126,000 for 2020.
Wellington is a city in and the county seat of Sumner County, Kansas, United States. As of the 2010 census, the city population was 8,172.
The median income in Wellington comes in at $44,688 and the median home value is $74,000 for 2020.
Arkansas City is a city in Cowley County, Kansas, United States, situated at the confluence of the Arkansas and Walnut rivers in the southwestern part of the county. As of the 2010 census, the city population was 12,415.
The median income in Arkansas City comes in at $40,573 and the median home value is $66,500 for 2020.
Bel Aire is a city in Sedgwick County, Kansas, United States, and a suburb of Wichita. As of the 2010 census, the city population was 6,769.
The median income in Bel Aire comes in at $95,250 and the median home value is $157,900 for 2020.
Atchison is a city and county seat of Atchison County, Kansas, United States, and situated along the Missouri River. As of the 2010 census, its population was 11,021. The city is named in honor of David Rice Atchison, United States senator from Missouri, and was the original eastern terminus of the Atchison, Topeka and Santa Fe Railway. Atchison was the birthplace of aviator Amelia Earhart, and the Amelia Earhart Festival is held annually in July. Atchison is also home of Benedictine College, a Catholic liberal-arts college.
The median income in Atchison comes in at $43,604 and the median home value is $86,200 for 2020.
Park City is a city in Sedgwick County, Kansas, United States, and a suburb of Wichita. As of the 2010 census, the city population was 7,297.
The median income in Park City comes in at $69,921 and the median home value is $123,700 for 2020.
How We Determined The Most Affordable Places To Live In The Sunflower State For 2020
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2014-2018 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Kansas to figure out which is the least expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 61 places in Kansas that have more than 5,000 people.
The place with the lowest cost of living in Kansas according to the data is Pratt. You can download the data here.
There You Have It Mr. Or Mrs. Kansas Cheapskate
If you're looking at the cost of living numbers in Kansas, this is an accurate list of the most affordable places to live in Kansas for 2020.
Here's a look at the most expensive cities in Kansas according to the data:
- Prairie Village
For more Kansas reading, check out:
Where Are The Most Affordable Places To Live In Kansas?