Kansas is one of the most affordable states in the country, with a cost of living roughly 13% below the national average and median home prices well under $250,000. The state’s economy is anchored by agriculture, aviation manufacturing (Wichita is the “Air Capital of the World” with Spirit AeroSystems and Textron Aviation), and a growing healthcare sector. Kansas City’s metro area straddles the Missouri border and provides the most diverse job market, while cities like Wichita, Topeka, and Lawrence offer small-city affordability with reasonable amenities. The financial appeal is strongest for families, remote workers, and retirees seeking low housing costs in exchange for fewer urban amenities.
Kansas at a Glance
| Metric | Value | National Rank |
|---|---|---|
| Population (2024) | 2.9 million | 35th |
| Median household income | $69,747 | 31st |
| Median home price | $215,000 | 7th lowest |
| Cost of living index | 86 | 3rd lowest |
| State income tax | 3.1-5.7% | Average |
| Sales tax (state + local avg) | 8.71% | 5th highest |
| Property tax (effective rate) | 1.33% | Above average |
Income and Housing
| City/Metro Area | Median Income | Median Home Price | Median Rent (2BR) |
|---|---|---|---|
| Kansas City (KS side) | $72,400 | $290,000 | $1,200 |
| Overland Park | $95,200 | $380,000 | $1,400 |
| Wichita | $58,400 | $195,000 | $900 |
| Topeka | $56,200 | $165,000 | $850 |
| Lawrence | $55,800 | $270,000 | $1,050 |
| Manhattan | $52,400 | $250,000 | $1,000 |
| Salina | $54,800 | $165,000 | $800 |
The Kansas City metro (Kansas side) offers the best income-to-housing ratio in the state — metro incomes above $70,000 with home prices in the $280,000-$320,000 range. Wichita is a manufacturing stronghold with even lower housing costs, though salaries skew lower outside of specialized aviation roles. Lawrence benefits from the University of Kansas and has a higher cost of living than other Kansas cities but offers a college-town quality of life.
Kansas Pros and Cons
| Financial Pros | Financial Cons |
|---|---|
| 3rd lowest cost of living | High sales tax (8.71%, groceries taxed) |
| Very affordable housing | Above-average property taxes (1.33%) |
| KC metro offers strong job market | Moderate income tax (up to 5.7%) |
| Low unemployment | Limited metro areas outside KC/Wichita |
| Aerospace/aviation hub (Wichita) | Severe weather risk (tornadoes) |
Related: Cost of Living by State | State Income Tax Rates | Property Tax by State
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy