Cost of Living in Pratt, KS

A+
15%
Overall NAT. AVG.
6%
Goods & Services NAT. AVG.
42%
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 Pratt Kansas National
Cost of living8589100
Goods & Services9492100
Groceries10097100
Health care10497100
Housing5876100
Transportation8690100
Utilities106107100
New Real Estate Listings in Pratt Area
Search
Search Homes for Sale in Pratt, KS
See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

  • The cost of living in Pratt is 5% lower than the Kansas average
  • The cost of living in Pratt is 15% lower than the national average
  • Pratt housing is 42% 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 Pratt

See all the best places to live around Pratt

Compare Pratt, KS Cost of Living

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

      The best places in Kansas

      Here are the best places to live in KansasCheck out the 10 most dangerous cities in KansasCheck out the 10 safest cities in KansasSee the best places to live in Pratt

      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$62,750$5,229$1,464$1,883
      Renters$33,409$2,784$779$1,002
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Pratt, 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 Pratt homeowners, is $62,750. This would allow for a maximum of $1,464 per month to be spent on housing costs. For renters, the median monthly income is $33,409 which would result in a maximum of $779 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 Pratt National avg. Difference
      Haircut $15.84$24.2634.7%
      Beauty Salon $30.99$45.5632.0%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.17$1.288.9%
      Movie $12.89$12.136.2%
      Bowling $12.54$18.0030.3%

      Groceries

      Item Pratt National avg. Difference
      Ground Beef $5.70$5.842.4%
      Fried Chicken $1.41$1.5710.2%
      Milk $4.78$4.672.4%
      Potatoes $4.96$4.930.5%
      Pizza $12.15$12.090.6%
      Beer $9.86$10.415.3%

      Health Care

      Item Pratt National avg. Difference
      Optometrist $221.30$125.6876.1%
      Doctor $147.70$135.788.8%
      Dentist $94.01$113.2917.0%
      Ibuprofen $10.49$10.651.6%
      Lipitor $526.83$468.6012.4%

      Housing

      Item Pratt National avg. Difference
      Home Price $95,300.00$184,700.0048.4%
      Avg. Mortgage Payment $1,613.36$2,346.6931.2%
      Apartment Rent $703.00$949.0025.9%

      Transportation

      Item Pratt National avg. Difference
      Gasoline $3.05$3.4611.8%
      Tire Balancing $49.15$59.9218.0%

      Utilities

      Item Pratt National avg. Difference
      All Electricity $207.69$193.997.1%
      Phone $200.29$192.254.2%
      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.
      Isabel, KS122963.6%
      Cullison, KS83963.6%
      Coats, KS1437129.5%
      Byers, KS227623.9%
      Preston, KS1657623.9%
      Pratt, KS6,5958515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Torrington, WY6,597946.4%
      Catasauqua, PA6,5921011.1%
      Marion, SC6,5988812.4%
      Desert Palms, CA6,59914241.7%
      Bedford, VA6,599927.8%
      Pratt, KS6,5958515.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2024