Cost of Living in Colby, KS

Get crime, demographics and other data for any address in Colby, KS
A+
16%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
31%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Colby Kansas National
Cost of living8489100
Goods & Services9092100
Groceries9397100
Health care9797100
Housing6976100
Transportation9690100
Utilities80107100
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Cost Of Living Quick Facts

  • The cost of living in Colby is 6% lower than the Kansas average
  • The cost of living in Colby is 16% lower than the national average
  • Colby housing is 31% lower than the national average
  • Kansas general sales tax is 27% higher than the national average
  • Kansas state income tax is 19% higher than the national average

Most Affordable Places to Live in and Around Colby

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Compare Colby, KS Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$72,969$6,081$1,702$2,189
          Renters$29,975$2,498$699$899
          The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Colby, KS, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Colby homeowners, is $72,969. This would allow for a maximum of $1,702 per month to be spent on housing costs. For renters, the median monthly income is $29,975 which would result in a maximum of $699 to be spent on rental costs.

          Kansas Sales Tax

          State General Sales Tax With Max Surtax
          Kansas 6.5% 11.5%

          Kansas Income Tax

          State Income Tax (Low) Income Tax (High)
          Kansas 3.1% 4.7%

          Goods & Services

          Item Colby National avg. Difference
          Haircut $17.50$24.2627.9%
          Beauty Salon $28.75$45.5636.9%
          Toothpaste $3.67$3.701.0%
          Shampoo $0.98$1.2823.5%
          Movie $9.10$12.1325.0%
          Bowling $11.33$18.0037.0%

          Groceries

          Item Colby National avg. Difference
          Ground Beef $6.66$5.8414.0%
          Fried Chicken $1.41$1.5710.4%
          Milk $4.49$4.674.0%
          Potatoes $4.49$4.939.1%
          Pizza $11.34$12.096.2%
          Beer $9.34$10.4110.3%

          Health Care

          Item Colby National avg. Difference
          Optometrist $128.50$125.682.2%
          Doctor $139.89$135.783.0%
          Dentist $97.50$113.2913.9%
          Ibuprofen $10.22$10.654.0%
          Lipitor $518.77$468.6010.7%

          Housing

          Item Colby National avg. Difference
          Home Price $127,600.00$184,700.0030.9%
          Avg. Mortgage Payment $1,926.53$2,346.6917.9%
          Apartment Rent $655.00$949.0031.0%

          Transportation

          Item Colby National avg. Difference
          Gasoline $3.36$3.462.9%
          Tire Balancing $55.44$59.927.5%

          Utilities

          Item Colby National avg. Difference
          All Electricity $126.33$193.9934.9%
          Phone $199.27$192.253.7%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Levant, KS49909.6%
          Gem, KS1187623.6%
          Colby, KS5,4268416.0%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          New Hempstead, NY5,42616565.1%
          Windsor, QC5,425n/a 
          Blaine, WA5,42712928.8%
          Jonesboro, GA5,4288613.9%
          Blauvelt, NY5,42315656.0%
          Colby, KS5,4268416.0%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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