Cost of Living in Hanston, KS

With a cost of living index of 54, Hanston, KS is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 17% below the Kansas state average of 72. Hanston is a small community of 260 residents.

Housing costs are the biggest factor in Hanston's cost of living. The median monthly rent is $538 (59% below the US median of $1,319), and the median home value sits at $85,200 (72% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Hanston is $81,667, which is 9% higher than the national median of $75,149. Residents spend roughly 8% 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 Hanston. The area sees an average annual temperature of 55.9°F, with summers averaging 78°F and winters around 34°F. Annual rainfall totals 22 inches spread over roughly 74 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.