Cost of Living in Caney, KS

With a cost of living index of 60, Caney, KS is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 12% below the Kansas state average of 72. Caney is a small community of 1,450 residents.

Housing costs are the biggest factor in Caney's cost of living. The median monthly rent is $744 (44% below the US median of $1,319), and the median home value sits at $70,600 (77% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Caney is $39,417, which is 48% lower than the national median of $75,149. Residents spend roughly 23% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Caney. The area sees an average annual temperature of 58.2°F, with summers averaging 79°F and winters around 37°F. Annual rainfall totals 40.3 inches spread over roughly 95 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.