Colby, KS Cost Of Living
Cost Of Living In Colby, KS Summary
Cost of living in Colby research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Colby is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Kansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Colby is 85, with 100 being the average.
The cost of living index in Colby is 0.8x lower than the national average.
Colby ranks as the #22 cheapest in Kansas out of 63.
Colby ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Colby is $133,300.
The median income in Colby is $59,292.
Table Of Contents
Colby's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Colby, KS?
According to the most recent data on the cost of living, Colby has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Kansas, Colby has a cost of living index that's 1.0x lower than Kansas's index of 87.
The standard of living in Colby ranks as #22 most affordable out of the 63 places we measured in Kansas. By definition, that implies Colby ranks as the #41 most expensive place in the Sunflower State.
For more reading on life in Colby, check out:
- Living In Colby
- Colby Crime Report
- Search Homes For Sale In Colby, KS
In Kansas
In America
Colby Cost Of Living Vs. Kansas
Six factors go into calculating the cost of living index in Colby. Here is how it fairs on each of the criteria:
The Services index in Colby is 92.
The Groceries index in Colby is 97.
The Health index in Colby is 108.
The Housing index in Colby is 55.
The Transportation index in Colby is 100.
The Utilities index in Colby is 98.
| Living Expense | Colby | Kansas | National Average | |
|---|---|---|---|---|
| Overall | 85 | 87 | 100 | |
| Services | 92 | 90 | 100 | |
| Groceries | 97 | 95 | 100 | |
| Health | 108 | 98 | 100 | |
| Housing | 55 | 70 | 100 | |
| Transportation | 100 | 93 | 100 | |
| Utilities | 98 | 102 | 100 | |
Colby, KS Housing Cost Breakdown
Housing swings affordability the most between places in Kansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Colby is $133,300.
The Median Rent in Colby is $594.
The Median Income in Colby is $59,292.
The Home Value To Income in Colby is 2.2x.
The Rent To Monthly Income in Colby is 0.12x.
| Statistic | Colby | Kansas | United States |
|---|---|---|---|
| Median Home Value | $133,300 | $164,800 | $244,900 |
| Median Rent | $594 | $912 | $1,163 |
| Median Income | $59,292 | $64,521 | $69,021 |
| Home Value To Income | 2.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Colby, KS Costs By Category
Detailed Colby Services Costs Vs. Kansas
Detailed Colby Groceries Costs Vs. Kansas
Detailed Colby Health Costs Vs. Kansas
Detailed Colby Transportation Costs Vs. Kansas
Detailed Colby Utilities Costs Vs. Kansas
Colby SnackAbility
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