Buying a home in Kansas is still well within reach for most families. The typical home costs $217,200 — about 2.9× of the typical household income of $74,275 a year. That's one of the better ratios in the country. A family putting aside their entire income, with no other expenses, could cover the purchase price in around 2.9 years.
Renters face moderate pressure. The typical rent in Kansas is $1,060 a month, and 40% of renters spend more than 30% of their income on housing — the point at which most financial advisers say rent becomes unaffordable. That figure is 10% lower than the national average of 45%.
12.7% of Kansas homeowners with a mortgage spend more than 30% of their income on housing — close to the national average of 16.1%.