Cost of Living in Mound Valley, KS

With a cost of living index of 52, Mound Valley, KS is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 19% below the Kansas state average of 72. Mound Valley is a small community of 320 residents.

Housing costs are the biggest factor in Mound Valley's cost of living. The median monthly rent is $571 (57% below the US median of $1,319), and the median home value sits at $46,700 (85% below the national median of $304,900). At current prices, the median home costs roughly 1.1x the median household income — well within traditional affordability guidelines.

The median household income in Mound Valley is $40,972, which is 45% 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.