Forecasting the Cost of Living in Kansas 2023 for a Family with Working Parents

The Cost of Living in Kansas for Families

Overview

When it comes to the cost of living in Kansas as a family with both working parents and two children, there are a few things to consider. First, it depends on where in Kansas you live. The cost of living may be higher in larger cities, such as Kansas City or Wichita, compared to smaller towns.

Overall, however, Kansas is considered an affordable place to live. According to a recent report by Bankrate, Kansas ranks as the 19th most affordable state in the US. The overall cost of living in Kansas is around 10% lower than the national average.

Housing

Housing is one of the biggest expenses for families, and in Kansas, the median home value is $150,000, making it affordable compared to other states. Renting is also relatively affordable, with the average monthly rent for a two-bedroom apartment around $850. You can find cheaper or more expensive places depending on location, but overall, Kansas offers affordable rent and home prices.

Food

Another major expense for families is food, and the cost of groceries in Kansas is slightly lower than the national average. The average family spends around $500 a month on food, which is slightly lower than other states.

Family-Friendly Activities

One great thing about living in Kansas as a family is that there are plenty of outdoor activities to enjoy. Kansas has over 26 state parks, offering opportunities for hiking, fishing, and camping. The state also has numerous museums, zoos, and other family-friendly attractions, such as Exploration Place and the Kansas State Fair.

Income and Job Opportunities

In Kansas, some jobs pay more than others. Some of the top paying jobs in Kansas are in the management field, with chief executives, marketing managers, and administrative services managers taking the top spots.

Job Title Anual Salary (2022)
Chief executives $190,361.60
Marketing managers $137,820.80
Administrative services managers $116,896.00

While these top paying jobs in Kansas may provide a comfortable income, it’s worth examining how they compare to the cost of living in the state. In Kansas, the cost of living is relatively lower than the national average, which means that the income earned by these top-paid professionals can go further than in many other states.

Additionally, it’s worth noting that jobs in the medical, engineering, and technology fields can also pay very well in Kansas, with salaries ranging between $80,000 to over $100,000 per year. Such careers include physicians, software developers, and mechanical engineers, among others.

Conclusion

Kansas is a great place to raise a family because of its affordable cost of living, strong sense of community, and family-friendly attractions. The state is known for its friendly people, welcoming communities, and good schools. The state’s low cost of living is particularly appealing to families on a budget, who can enjoy a high quality of life without breaking the bank.

In summary, the cost of living in Kansas for a family with both working parents and two kids is affordable and manageable. Housing and food are relatively low-cost, and there are plenty of outdoor and family-friendly activities available. As a result, Kansas offers a high quality of life for families at an affordable price.

As of 2023, the median home cost in Kansas is $276,300. This is slightly higher than the national median home cost of $257,000 (as of June 2021). The estimated living expenses for a family with two working adults and two children in Kansas for 2023 is $80,155 before taxes. This means that an individual would need to earn a salary of at least $96,664 before taxes to cover these expenses.

Childcare expenses are a significant portion of the estimated living expenses at $16,332 per year. This highlights the importance of affordable childcare options for families with children in Kansas. It may be necessary for families to consider these expenses when budgeting for their household.

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This content was created by www.priceofyou.com/cost-of-living. Our team derives unique insights by analyzing contemporary data from trusted sources such as the Bureau of Labor Statistics, Redfin, MIT Living Wage, among others. Should you choose to utilize this data, we kindly request that you provide a link back to our resource.