Cost of Living in Palmer, KS

With a cost of living index of 73, Palmer, KS is one of the most affordable cities in the country. Living here is 27% cheaper than the national average and in line with the Kansas state average. Palmer is a small community of 138 residents.

The median household income in Palmer is $46,250, which is 38% lower than the national median of $75,149. Residents spend roughly 15% 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.