C+
15%
Overall NAT. AVG.
9%
Goods & Services NAT. AVG.
64%
Housing NAT. AVG.
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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 Prairie Village Kansas National
Cost of living11589100
Goods & Services9292100
Groceries9797100
Health care8497100
Housing16476100
Transportation8990100
Utilities109107100

An Overview of Cost of Living in Prairie Village, KS

Getting a feel for the cost of living in Prairie Village is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Prairie Village is 115, which is 15% higher than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Housing costs significantly influence the Prairie Village cost of living index, typically accounting for a substantial portion of one's post-tax income. Regrettably, within this particular region, expenses related to both residential ownership and renting exceeded those observed in an average city by 63.9%. This entails elements such as housing and rental prices, mortgage interest rates and insurance costs.

What Do Locals Say About the Cost of Living in Prairie Village?

Nobody knows their city better than the people who actually live there. So, we asked 6 local residents how they would rate the cost of living in Prairie Village and this is how they responded. 17% of people said that the cost of living was affordable, with prices decreasing, while 83% of people said that the cost of living was very expensive and prices continue to rise.

Is Prairie Village Affordable?

Is Prairie Village affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Prairie Village, for instance, where the median home price falls 71.5% higher than the national average, and monthly rent rates are 46.2% higher than usual. Additionally, median income levels contribute to the equation, with Prairie Village flaunting a median household income of $88,196, 59.4% higher than the national norm.

What Factors can Influence the Cost of Living in Prairie Village?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Prairie Village, the groceries index is 3.5% lower than the national average.

Subsidies: Certain cities or states may institute government subsidies or assistance programs designed to alleviate the financial burdens associated with the cost of living for their residents. These programs encompass a variety of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Areas that provide fewer subsidies may see an uptick in their overall cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Prairie Village comes in at 9% higher than the national average.

Where is the Data From?

The Prairie Village cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Prairie Village is 29% higher than the Kansas average
  • The cost of living in Prairie Village is 15% higher than the national average
  • Prairie Village housing is 64% higher 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 Prairie Village

See all the best places to live around Prairie Village

Compare Prairie Village, KS Cost of Living

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      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$103,060$8,588$2,405$3,092
      Renters$62,754$5,230$1,464$1,883
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Prairie Village, 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 Prairie Village homeowners, is $103,060. This would allow for a maximum of $2,405 per month to be spent on housing costs. For renters, the median monthly income is $62,754 which would result in a maximum of $1,464 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 Prairie Village National avg. Difference
      Haircut $20.30$24.2616.3%
      Beauty Salon $33.43$45.5626.6%
      Toothpaste $3.70$3.700.2%
      Shampoo $1.42$1.2810.9%
      Movie $12.03$12.130.9%
      Bowling $15.57$18.0013.5%

      Groceries

      Item Prairie Village National avg. Difference
      Ground Beef $6.31$5.848.0%
      Fried Chicken $1.40$1.5711.0%
      Milk $4.62$4.671.0%
      Potatoes $5.24$4.936.2%
      Pizza $11.48$12.095.0%
      Beer $9.39$10.419.8%

      Health Care

      Item Prairie Village National avg. Difference
      Optometrist $96.50$125.6823.2%
      Doctor $90.20$135.7833.6%
      Dentist $100.33$113.2911.4%
      Ibuprofen $10.67$10.650.2%
      Lipitor $474.53$468.601.3%

      Housing

      Item Prairie Village National avg. Difference
      Home Price $316,800.00$184,700.0071.5%
      Avg. Mortgage Payment $2,152.92$2,346.698.3%
      Apartment Rent $1,387.00$949.0046.2%

      Transportation

      Item Prairie Village National avg. Difference
      Gasoline $3.17$3.468.3%
      Tire Balancing $49.17$59.9217.9%

      Utilities

      Item Prairie Village National avg. Difference
      All Electricity $217.10$193.9911.9%
      Phone $199.94$192.254.0%
      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.
      River Bend, MO9945.8%
      Randolph, MO288218.3%
      Sugar Creek, MO3,2818316.6%
      Kansas City, KS153,0148614.2%
      Claycomo, MO1,7868613.9%
      Prairie Village, KS22,25511515.1%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Hudson, OH22,24912626.2%
      Watertown, SD22,249918.6%
      Mont-Royal, QC22,238n/a 
      Mustang, OK22,228945.8%
      Frederickson, WA22,29013131.4%
      Prairie Village, KS22,25511515.1%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.