Cost of Living in Clearwater, KS

With a cost of living index of 77, Clearwater, KS is a very affordable place to live. Living here is 23% cheaper than the national average and 6% above the Kansas state average of 72. Clearwater is a small community of 2,536 residents.

Housing costs are the biggest factor in Clearwater's cost of living. The median monthly rent is $1,002 (24% below the US median of $1,319), and the median home value sits at $191,500 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.6x the median household income — well within traditional affordability guidelines.

The median household income in Clearwater is $72,266, which is 4% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Clearwater. The area sees an average annual temperature of 57.7°F, with summers averaging 79°F and winters around 35°F. Annual rainfall totals 34.3 inches spread over roughly 87 days.

Everyday prices in the Wichita, KS (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.