Parsons, KS Cost Of Living
Cost Of Living In Parsons, KS Summary
Cost of living in Parsons 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 Parsons 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 Parsons is 75, with 100 being the average.
The cost of living index in Parsons is 0.8x lower than the national average.
Parsons ranks as the #4 cheapest in Kansas out of 63.
Parsons ranks as the #35 cheapest out of 6,412 in the US.
The median home value in Parsons is $59,500.
The median income in Parsons is $44,674.
Table Of Contents
Parsons's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Parsons, KS?
According to the most recent data on the cost of living, Parsons has an overall cost of living index of 75, which is 0.8x lower than the national index of 100.
Compared to Kansas, Parsons has a cost of living index that's 0.9x lower than Kansas's index of 87.
The standard of living in Parsons ranks as #4 most affordable out of the 63 places we measured in Kansas. By definition, that implies Parsons ranks as the #59 most expensive place in the Sunflower State.
For more reading on life in Parsons, check out:
- Living In Parsons
- Parsons Crime Report
- Search Homes For Sale In Parsons, KS
In Kansas
In America
Parsons Cost Of Living Vs. Kansas
Six factors go into calculating the cost of living index in Parsons. Here is how it fairs on each of the criteria:
The Services index in Parsons is 82.
The Groceries index in Parsons is 91.
The Health index in Parsons is 100.
The Housing index in Parsons is 42.
The Transportation index in Parsons is 88.
The Utilities index in Parsons is 97.
| Living Expense | Parsons | Kansas | National Average | |
|---|---|---|---|---|
| Overall | 75 | 87 | 100 | |
| Services | 82 | 90 | 100 | |
| Groceries | 91 | 95 | 100 | |
| Health | 100 | 98 | 100 | |
| Housing | 42 | 70 | 100 | |
| Transportation | 88 | 93 | 100 | |
| Utilities | 97 | 102 | 100 | |
Parsons, 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 Parsons is $59,500.
The Median Rent in Parsons is $726.
The Median Income in Parsons is $44,674.
The Home Value To Income in Parsons is 1.3x.
The Rent To Monthly Income in Parsons is 0.2x.
| Statistic | Parsons | Kansas | United States |
|---|---|---|---|
| Median Home Value | $59,500 | $164,800 | $244,900 |
| Median Rent | $726 | $912 | $1,163 |
| Median Income | $44,674 | $64,521 | $69,021 |
| Home Value To Income | 1.3x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.2x |
Median Home Value
Median Rent
Median Income
Parsons, KS Costs By Category
Detailed Parsons Services Costs Vs. Kansas
Detailed Parsons Groceries Costs Vs. Kansas
Detailed Parsons Health Costs Vs. Kansas
Detailed Parsons Transportation Costs Vs. Kansas
Detailed Parsons Utilities Costs Vs. Kansas
Parsons SnackAbility
/10
Cost Of Living In Cities Around Parsons
The cost of living varies in the cities and towns around Parsons. Here's a quick look at the cost of living in the most populous nearby places:
Joplin, MO has a cost of living index of 82, 1.1x Parsons.
Miami, OK has a cost of living index of 80, 1.1x Parsons.
Independence, KS has a cost of living index of 76, 1.0x Parsons.
| City | Population | Cost Of Living | Vs. Parsons |
|---|---|---|---|
| Joplin, MO | 51,539 | 82 | 1.1x |
| Miami, OK | 12,997 | 80 | 1.1x |
| Independence, KS | 8,584 | 76 | 1.0x |
| Carl Junction, MO | 8,099 | 88 | 1.2x |
| Iola, KS | 5,378 | 74 | 1.0x |
| Vinita, OK | 5,250 | 78 | 1.0x |
