Colby, KS vs Oakley, KS

Colby, KS and Oakley, KS have a very similar cost of living, with only a 1.9% difference in their overall index. Colby scores 66 while Oakley scores 65 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Colby is $736/month compared to $781/month in Oakley — a 6% difference. Interestingly, home values tell a different story: while Colby has cheaper rent, Oakley actually has lower median home values ($118,700 vs $150,700).

Median household income in Colby is $66,731 compared to $69,778 in Oakley (-4.4%). Oakley offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colby spend roughly 13.2% of their income on rent, less than the 13.4% in Oakley.