Cost of Living in Neosho Falls, KS

With a cost of living index of 48, Neosho Falls, KS is one of the most affordable cities in the country. Living here is 52% cheaper than the national average and 23% below the Kansas state average of 72. Neosho Falls is a small community of 139 residents.

Housing costs are the biggest factor in Neosho Falls's cost of living. The median monthly rent is $525 (60% below the US median of $1,319), and the median home value sits at $14,200 (95% below the national median of $304,900). At current prices, the median home costs roughly 0.3x the median household income — well within traditional affordability guidelines.

The median household income in Neosho Falls is $47,750, which is 36% lower than the national median of $75,149. Residents spend roughly 13% 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.