A
8%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
8%
Housing NAT. AVG.
Search Homes for Sale
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 Hays Kansas National
Cost of living9289100
Goods & Services8792100
Groceries9597100
Health care9997100
Housing9276100
Transportation9090100
Utilities109107100

An Overview of Cost of Living in Hays, KS

Understanding the cost of living in Hays can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Hays cost of living index is 92, which is 8% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

In Hays, daily expenses such as food, housing, goods and services, transportation and health care are in line with comparable areas and about average when compared to all cities across the nation. This ensures that the cost of living in Hays will resemble that of an average city, contributing to a manageable cost of living.

Everyday essentials such as clothing, personal hygiene products and entertainment all contribute to your overall cost of living. The good news is that in Hays, these goods and services come in at 13.4% less than the national average. This means you can enjoy the things you need and love without breaking the bank. With such savings, you have the opportunity to allocate more funds towards your savings or other financial goals, ultimately enhancing your financial well-being.

Is Hays Affordable?

Is Hays an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Hays is 1.4% lower than the national average, while the average monthly rent prices are 24.1% lower than average. The affordability of any location can also be influenced by median income levels. Hays has a median household income of $52,135, which is 5.8% lower than the national average.

What Factors can Influence the Cost of Living in Hays?

Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Hays, healthcare costs are 1.3% lower than the national average.

Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Hays, the housing index comes in at 8.2% lower than the national average.

Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.

Where is the Data From?

The cost of living in Hays, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Hays Area
Search Homes for Sale in Hays, KS

Cost Of Living Quick Facts

  • The cost of living in Hays is 4% higher than the Kansas average
  • The cost of living in Hays is 8% lower than the national average
  • Hays housing is 8% 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 Hays

See all the best places to live around Hays

Compare Hays, KS Cost of Living

      vs
      How would you rate the cost of living in Hays?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Hays?
      Write a review to give others more information about this area.
      See all Hays poll results

      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$78,539$6,545$1,832$2,356
      Renters$31,253$2,604$729$938
      The affordability of the housing market in Hays, 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 Hays homeowners, the median income is $78,539. This indicates that a monthly maximum of $1,832 should be spent by homeowners on all housing related costs. Renters have a median income of $31,253. This indicates that renters would have a maximum of $729 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 Hays National avg. Difference
      Haircut $19.18$24.2620.9%
      Beauty Salon $27.05$45.5640.6%
      Toothpaste $3.80$3.702.7%
      Shampoo $1.19$1.287.3%
      Movie $6.86$12.1343.5%
      Bowling $10.00$18.0044.4%

      Groceries

      Item Hays National avg. Difference
      Ground Beef $5.65$5.843.2%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.57$4.672.2%
      Potatoes $4.28$4.9313.2%
      Pizza $12.16$12.090.6%
      Beer $9.72$10.416.7%

      Health Care

      Item Hays National avg. Difference
      Optometrist $191.11$125.6852.1%
      Doctor $142.61$135.785.0%
      Dentist $89.00$113.2921.4%
      Ibuprofen $10.34$10.652.9%
      Lipitor $513.07$468.609.5%

      Housing

      Item Hays National avg. Difference
      Home Price $182,100.00$184,700.001.4%
      Avg. Mortgage Payment $1,560.71$2,346.6933.5%
      Apartment Rent $720.00$949.0024.1%

      Transportation

      Item Hays National avg. Difference
      Gasoline $3.18$3.468.2%
      Tire Balancing $51.40$59.9214.2%

      Utilities

      Item Hays National avg. Difference
      All Electricity $215.77$193.9911.2%
      Phone $201.84$192.255.0%
      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.
      Munjor, KS768019.7%
      Schoenchen, KS1968614.1%
      Catharine, KS1238316.5%
      Ellis, KS2,2268514.9%
      Victoria, KS1,077919.3%
      Hays, KS20,855927.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Green Valley, AZ20,8571054.9%
      South Milwaukee, WI20,857982.1%
      Sweetwater, FL20,8521065.7%
      Brambleton, VA20,84316665.9%
      Beaconsfield, QC20,868n/a 
      Hays, KS20,855927.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.