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.
A general overview of the cost of living index for Beloit, KS is displayed above. In Beloit, KS, the overall cost of living index is 80, which is 11% lower than the Kansas average and 20% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Beloit, KS, the city's goods and services are 7% lower than the Kansas average and 12% lower than the U.S. average.
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The cost of living in Beloit is 11% lower than the Kansas average.
The cost of living in Beloit is 20% lower than the national average.
The cost of housing in Beloit is 46% lower than the national average.
Kansas general sales tax is 28% higher than the national average.
Kansas state income tax is 30% higher than the national average.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator allows you to compare how much your current salary in Beloit, 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 Beloit, KS, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Beloit, 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
Max Budget (28% DTI)
Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Beloit, KS, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Beloit, KS has a median income of about $57,007 for people who own homes. Based on that number, a person should spend a maximum of $1,330 on expenses related to housing. Renters have a slightly different median income, which is $26,661. Based on this average, renters should spend no more than $622 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Kansas Sales Tax
General Sales Tax
With Max Surtax
Kansas Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in Beloit, KS, it's important to take into account the sales tax for Kansas, as well as the rate for income tax in Kansas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Kansas is 10.15%, and the sales tax in the state of Kansas is 6.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Kansas starts from 2.9% and goes up to 5.2%.
Goods & Services
Avg. Mortgage Payment
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.