Beloit, Kansas Cost Of Living

A+

22%

Overall NAT. AVG.

16%

Goods & Services NAT. AVG.

46%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Beloit	Kansas	National
Cost of living	78	88	100
Goods & Services	84	91	100
Groceries	88	94	100
Health care	96	100	100
Housing	54	76	100
Transportation	90	95	100
Utilities	99	98	100

New Real Estate Listings in Beloit Area

For Sale For Rent

Search

Search Homes for Sale in Beloit, KS

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Beloit is 12% lower than the Kansas average
The cost of living in Beloit is 22% lower than the national average
Beloit housing is 46% lower than the national average
Kansas general sales tax is 27% higher than the national average
Kansas state income tax is 37% higher than the national average

Most Affordable Places to Live in and Around Beloit

See all the best places to live around Beloit

Compare Beloit, KS Cost of Living

Write a review to give others more information about this area.

See all Beloit poll results

The best places in Kansas

Here are the best places to live in Kansas

10 Best cities in Kansas for employment

Top 10 best public schools in Beloit

Check out the 10 safest cities in Kansas

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	$53,105	$4,425	$1,239	$1,593
Renters	$37,067	$3,089	$865	$1,112

A good way to judge both the affordability of the housing and the cost of living in Beloit is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Beloit has a median income of about $53,105 for people who own homes. Based on that number, a maximum of $1,239 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,067. Based on this average, renters should spend no more than $865 on all rental costs if they want to maintain a non-impoverished standard of living.

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%	5.7%

Goods & Services

Item	Beloit	National avg.	Difference
Haircut	$19.00	$22.08	14.0%
Beauty Salon	$27.50	$42.88	35.9%
Toothpaste	$1.97	$2.57	23.1%
Shampoo	$0.99	$1.15	14.2%
Movie	$6.49	$11.51	43.6%
Bowling	$10.00	$16.62	39.8%

Groceries

Item	Beloit	National avg.	Difference
Ground Beef	$3.88	$4.98	22.2%
Fried Chicken	$1.21	$1.58	23.8%
Milk	$1.75	$2.42	27.8%
Potatoes	$3.05	$3.54	13.7%
Pizza	$10.36	$11.49	9.8%
Beer	$8.63	$10.04	14.1%

Health Care

Item	Beloit	National avg.	Difference
Optometrist	$187.83	$117.76	59.5%
Doctor	$123.89	$125.34	1.2%
Dentist	$83.78	$107.52	22.1%
Ibuprofen	$9.57	$10.26	6.7%
Lipitor	$493.86	$459.24	7.5%

Housing

Item	Beloit	National avg.	Difference
Home Price	$95,000.00	$184,700.00	48.6%
Avg. Mortgage Payment	$1,294.51	$1,697.41	23.7%
Apartment Rent	$581.00	$949.00	38.8%

Transportation

Item	Beloit	National avg.	Difference
Gasoline	$3.45	$3.85	10.4%
Tire Balancing	$51.45	$57.01	9.8%

Utilities

Item	Beloit	National avg.	Difference
All Electricity	$168.18	$177.27	5.1%
Phone	$198.23	$189.62	4.5%

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.
Scottsville, KS	17	88	11.7%
Simpson, KS	76	88	11.7%
Asherville, KS	0	88	11.7%
Randall, KS	198	68	31.7%
Jewell, KS	390	73	26.6%
Beloit, KS	3,497	78	21.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Windermere, FL	3,497	146	46.2%
Brimfield, OH	3,498	87	12.6%
Hot Springs, SD	3,498	85	15.1%
Auburn Lake Trails, CA	3,495	131	31.1%
Society Hill, NJ	3,495	130	30.0%
Beloit, KS	3,497	78	21.9%

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