Colby cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index8290100
Goods & Services index9696100
Groceries index9393100
Health care index10397100
Housing index5476100
Transportation index8893100
Utilities index9598100
Here we can see a simple outline of the cost of living in Colby, KS. As you can see, with the average cost of living in Colby, KS being 82, that puts it 8% lower than the average of Kansas and 18% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Colby, KS, the price of goods and services are 1% lower than the average of Kansas as well as 5% lower than the nation's average.

Did you know?

  • The cost of living in Colby is 8% lower than the Kansas average.
  • The cost of living in Colby is 18% lower than the national average.
  • The cost of housing in Colby is 46% lower than the national average.
  • Kansas general sales tax is 21% higher than the national average.
  • Kansas state income tax is 21% higher than the national average.

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Compare Colby, KS Cost of living To Other Cities

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
The salary calculator allows you to compare how much your current salary in Colby, KS would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Colby, KS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Colby, KS salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
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, KS homeowners, is $52,996. This would allow for a maximum of $1,236 per month to be spent on housing costs. For renters, the median monthly income is $19,408 which would result in a maximum of $453 to be spent on rental costs.

Kansas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Kansas Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Colby, KS, the Kansas income tax and the Kansas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Kansas maximum surtax is 9.65%, and the Kansas sales tax is 6.15%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.7% to 4.6% in Kansas.

Goods & Services

ItemColbyNational avg.Difference
Haircut $12.50$15.5619.7%
Beauty Salon $32.89$36.118.9%
Toothpaste $2.24$2.479.4%
Shampoo $0.77$0.9620.2%
Movie $9.75$10.133.7%
Bowling $3.50$4.7426.1%


ItemColbyNational avg.Difference
Ground Beef $2.54$3.9836.2%
Fried Chicken $1.07$1.4123.7%
Milk $1.81$2.0612.5%
Potatoes $2.59$2.9813.1%
Pizza $8.49$9.4710.4%
Beer $8.16$8.797.2%

Health Care

ItemColbyNational avg.Difference
Optometrist $109.25$101.048.1%
Doctor $97.89$107.448.9%
Dentist $105.67$90.4216.9%
Ibuprofen $8.20$9.2811.7%
Lipitor $404.68$426.505.1%


ItemColbyNational avg.Difference
Home Price $99,800.00$175,700.0043.2%
Avg. Mortgage Payment $1,053.58$1,133.237.0%
Apartment Rent $434.00$920.0052.8%


ItemColbyNational avg.Difference
Gasoline $1.76$1.9911.9%
Tire Balancing $39.88$45.7612.9%


ItemColbyNational avg.Difference
All Electricity$143.29$163.8112.5%
Phone $29.99$28.395.6%
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, StatePopulationCost of Living IndexNational Avg.
Levant, KS5994-6%
Gem, KS7477-23%
Colby, KS5,41182-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bessemer City, NC5,41087-13%
Williamston, NC5,41093-7%
Hutchins, TX5,41090-10%
Brookhaven, WV5,41294-6%
DeFuniak Springs, FL5,41084-16%
Colby, KS5,41182-18%
Source: The Colby, KS cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.