Cost of Living in Kansas City

 
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Whether you live in Kansas City currently or you’re considering moving there in the near future, knowing the area’s cost of living and how it compares to the nation as a whole is important. LoanMart has put together some data to help you understand how the cost of living in Kansas City compares to the rest of the country. In addition to things like salaries, we’ve compiled the information you need to start thinking about how much to budget for expenses like:

  • Housing
  • Groceries
  • Utilities
  • Transportation
  • Healthcare

Average Cost of Living in Kansas City

The average cost of living in Kansas City is 1% lower than the national average. This number is generated by using the costs of a number of different things like housing, groceries, utilities, transportation, and healthcare.

The cost for each of the five categories, except utilities, ranks at or below the national average in Kansas City:

  • Housing   1% Lower
  • Groceries    Meets National Average
  • Utilities   7% Higher
  • Transportation   2% Lower
  • Healthcare   2% Lower

How does Kansas City stack up compared to other major cities around the United States? Look below.

  • Phoenix, Arizona: 6% lower than Kansas City
  • Miami, Florida: 14% higher than Kansas City
  • Anchorage, Alaska: 28% higher than Kansas City
  • Dallas, Texas: 2% higher than Kansas City
  • New York City, New York: 129% higher than Kansas City
  • Knoxville, Tennessee: 18% lower than Kansas City
  • Chicago, Illinois: 23% higher than Kansas City

Average Salary in Kansas City

Using average salaries of some of the main job titles in Kansas City, the average salary is reported at $52,359, trending up 0.3% over the last few months of the end of 2017. This is compared to the U.S. average of $51,939. The average salary in Kansas City is about 1% higher than the national average, meaning your purchasing power is actually a bit better than normal, since cost of living is 1% lower.

Cost of Housing in Kansas City

There are three things consider when thinking about the cost of housing:

  • Monthly rent
  • Utilities
  • Internet

Rent on 900 square feet accommodations ranges from $1,117 per month in a normally priced area to $1,529 per month in more expensive areas.

The utilities for one month with two people living together is about $252, including gas, heating, and water. Internet separately for one month at a rate of 8 Mbps is $58.

If you plan on purchasing a home, rather than renting, you’ll be excited to hear that the average price to own in Kansas City is $127,600, just over half the average price for the nation, $206,300.

Cost of Transportation in Kansas City

Transportation in Kansas City costs 2% less than the national average. The cost is figured to include:

  • Gas
  • Public Transportation
  • Taxis

One gallon of gas is about $2.40 in Kansas City. For a public transportation like trains, it costs about $46 per month and for a 5-mile taxis trip it can cost $16.

How Does the Cost of Living in Kansas City Compare?

If you want to compare the cost of living in Kansas City to where you live now, you can enter all your information on this website that helps you compare the cost of living between two cities, or the cost of a single city to the national average.

Living in Kansas City

Kansas City has been experiencing a downtown boom lately. Over $6 billion in improvements have been made since 2000. These improvements have included a new retail and entertainment district, a new sports arena, and a sports complex.

There’s a number of famous things to see and do while visiting Kansas City:

  • National World War One Museum and Memorial – America’s leading institution dedicated to understanding the Great War and its global impact.
  • Kansas City Zoo – Over 1,700 animals on 202 acres.
  • National Museum of Toys and Miniatures – Recently reopened after an $8 million renovation, it features one of the nation’s largest collections of antique toys, and the largest collection of contemporary, fine-scale miniatures.

LoanMart can Help with Living Expenses

At LoanMart, we can help current and soon-to-be residents of Kansas City when life throws you a financial curveball. As a major non-traditional lender, we have helped thousands of people across the nation handle the unexpected expenses that crop up.

How to get an Auto Title Loan with LoanMart

Auto title loans allow you to bypass the lengthy application process of other loans and get the money you need quick. You can use a clear-and-free vehicle in your name as collateral, letting you potentially qualify for up to $30,0001. The streamlined application process at LoanMart means the turnaround time between when you apply and when you receive your money could be less than 24 hours3.

With our easy process, we give you three ways to apply that make it convenient for you:

  1. Apply at a participating location
  2. Call us at 1-855-422-7412
  3. Apply online without leaving your home

Once you’ve figured out the best way for you to apply, all you have to do is follow these steps to get the money you need1:

  1. Fill out the application.
  2. Submit your important documents to your LoanMart representative.
  3. Sign your LoanMart agreement and collect your funds1!

Don’t let unexpected expenses get the best of you in Kansas City! Take advantage of LoanMart’s quick service and amazing benefits to get the funds you need today1!

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