Cost Of Living in Parsons, KS

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	Parsons	Kansas	National
Cost of living	77	89	100
Goods & Services	86	92	100
Groceries	95	97	100
Health care	86	97	100
Housing	46	76	100
Transportation	88	90	100
Utilities	105	107	100

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Cost Of Living Quick Facts

The cost of living in Parsons is 13% lower than the Kansas average
The cost of living in Parsons is 23% lower than the national average
Parsons housing is 54% 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

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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	$54,782	$4,565	$1,278	$1,644
Renters	$26,302	$2,192	$614	$789

The affordability of the housing market in Parsons, KS as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Parsons homeowners, the median income is $54,782. This indicates that a monthly maximum of $1,278 should be spent by homeowners on all housing related costs. Renters have a median income of $26,302. This indicates that renters would have a maximum of $614 for their rent related monthly 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	Parsons	National avg.	Difference
Haircut	$15.67	$24.26	35.4%
Beauty Salon	$37.00	$45.56	18.8%
Toothpaste	$3.80	$3.70	2.7%
Shampoo	$1.08	$1.28	15.9%
Movie	$6.46	$12.13	46.8%
Bowling	$10.00	$18.00	44.4%

Groceries

Item	Parsons	National avg.	Difference
Ground Beef	$6.33	$5.84	8.4%
Fried Chicken	$1.36	$1.57	13.7%
Milk	$4.53	$4.67	3.0%
Potatoes	$4.87	$4.93	1.3%
Pizza	$12.40	$12.09	2.6%
Beer	$9.69	$10.41	6.9%

Health Care

Item	Parsons	National avg.	Difference
Optometrist	$83.00	$125.68	34.0%
Doctor	$105.00	$135.78	22.7%
Dentist	$90.33	$113.29	20.3%
Ibuprofen	$10.08	$10.65	5.4%
Lipitor	$537.67	$468.60	14.7%

Housing

Item	Parsons	National avg.	Difference
Home Price	$64,600.00	$184,700.00	65.0%
Avg. Mortgage Payment	$1,862.63	$2,346.69	20.6%
Apartment Rent	$677.00	$949.00	28.7%

Transportation

Item	Parsons	National avg.	Difference
Gasoline	$3.12	$3.46	9.9%
Tire Balancing	$50.34	$59.92	16.0%

Utilities

Item	Parsons	National avg.	Difference
All Electricity	$202.28	$193.99	4.3%
Phone	$201.39	$192.25	4.8%

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.
Labette, KS	63	65	34.9%
McCune, KS	318	72	28.1%
Galesburg, KS	123	75	25.4%
Mound Valley, KS	288	75	24.5%
Oswego, KS	1,683	76	24.1%
Parsons, KS	9,648	77	22.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Bardmoor, FL	9,650	104	4.2%
Pont-Rouge, QC	9,651	n/a
West Perrine, FL	9,653	109	8.8%
Richmond Heights, FL	9,640	112	11.6%
Clarksville, AR	9,661	89	10.9%
Parsons, KS	9,648	77	22.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Parsons, KS