Cost of Living in WaKeeney, KS

With a cost of living index of 63, WaKeeney, KS is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 9% below the Kansas state average of 72. WaKeeney is a small community of 1,838 residents.

Housing costs are the biggest factor in WaKeeney's cost of living. The median monthly rent is $719 (45% below the US median of $1,319), and the median home value sits at $118,000 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in WaKeeney is $74,000, which is 2% lower than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.