Living in Wichita, KS on a $72,300 Salary

An annual income of $72,300 in Wichita, KS, offers a relatively comfortable lifestyle given the local cost of living and housing prices. Let’s explore the specifics in various aspects.

Cost of Living

• Overall Affordability: Wichita's cost of living is significantly lower than the national average. Essentials such as groceries, transportation, and utilities tend to be priced below what is found in many other parts of the United States.
• Comparison to the U.S. Average: Residents enjoy considerably lower expenses with the overall cost of living index around 88.2, compared to the national index of 100.

Housing Market

• Median Home Prices: The median home price in Wichita is approximately $160,000, which is much lower than the national median, providing better housing affordability.
• Renter's Market: Renting is also affordable in Wichita, with average rents for a two-bedroom apartment around $900 per month.
• Home Ownership Feasibility: With a $72,300 salary, home ownership is accessible, allowing for mortgage payments without excessive financial strain.

Quality of Life

• Community and Lifestyle: Wichita offers a blend of urban and suburban lifestyles, with ample green spaces, parks, and family-friendly activities.
• Cultural and Recreational Opportunities: The city hosts various cultural events, museums, and outdoor activities, providing a well-rounded lifestyle for residents.

Access to Healthcare

• Healthcare Facilities: Wichita is served by several reputable medical centers and hospitals, ensuring adequate healthcare access.
• Healthcare Costs: While generally in line with the national average, healthcare costs are often viewed as reasonable, particularly when compared against high-cost regions.

Quality of K-12 Schools

• School Options: The Wichita Public Schools district includes a mix of public and private school options.
• Educational Quality: Schools in Wichita are known for dedicated staff and various programs aimed at fostering student success, though some schools may vary in performance.

Summary

Overall, a salary of $72,300 in Wichita, KS, allows for a high standard of living compared to the national average. With lower housing costs, a reasonable cost of living, and sufficient access to services like healthcare and education, residents can enjoy a balanced and fulfilling lifestyle.