Cost of Living in Lenexa, KS

An Overview of Cost of Living in Lenexa, KS

Are you thinking about relocating, but curious about the potential cost of living in Lenexa? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Lenexa stands at 109, making it 9% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

The cost of living in Lenexa closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, goods and services, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Lenexa can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.

Housing costs are a very significant part of the Lenexa cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 42.8% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

What Do Locals Say About the Cost of Living in Lenexa?

The real experts on a city are its residents. That's why we reached out to 7 locals to get their views on the cost of living in Lenexa. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 43% found it budget-friendly with decreasing prices, while 57% said it's simply not affordable as prices have continued to rise.

Is Lenexa Affordable?

Wondering if Lenexa is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Lenexa, for example, the median home price is 50.6% higher than what folks pay nationally, and monthly rent is 24.7% higher than the usual rates. Plus, income levels matter too, with Lenexa boasting a median household income of $90,487, which is 63.6% higher than the national average.

What Factors can Influence the Cost of Living in Lenexa?

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Lenexa, healthcare costs are 15.6% lower than the national average.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Lenexa, the groceries index is 3.5% lower than the national average.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Lenexa, the transportation index is 11.1% lower than the national average.

Where is the Data From?

The Lenexa cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.