Cost of Living in Elk County, Kansas

$534/mo
Median Monthly Rent
$60,900
Median Home Value
32% below state averageUnaffordable

At a Glance

Median Monthly Rent
$534/mo
32% below state average
Median Home Value
$60,900
78% below national
Rent-to-Income Ratio
22.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Elk County Compares

Median monthly rent comparison

Elk County$534/mo
Kansas Average$787/mo
National Median$1,163/mo

Detailed Housing Stats

$534/mo
Median Gross Rent
$60,900
Median Home Value
$567/mo
Monthly Owner Cost
22.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Elk County, Kansas

Elk County rents remain remarkably affordable

At 11.4%, Elk County's rent-to-income ratio sits nearly 3 percentage points below the national benchmark and ranks among Kansas's most affordable rental markets. Residents here spend roughly $534 monthly on rent, well below the national trajectory while earning a median of $56,087—proving that lower incomes don't necessarily mean housing stress in rural Kansas.

Best rental affordability in Kansas

Elk County ranks at the top of Kansas for housing affordability, with a rent-to-income ratio of 11.4% compared to the state average of 14.7%. This advantage stems from both modest rents ($534/month vs. $787 statewide) and a cost-of-living ecosystem that matches local wages.

Elk County outpaces regional peers

Elk County's $534 monthly rent is the lowest among its peers, undercutting Ellsworth County ($705), Gove County ($730), and Ellsworth County by $100-200 monthly. Even homebuyers find stability here: the median home value of $60,900 is less than half that of neighboring Ellis County ($211,100).

Housing takes modest slice of income

Renters dedicate 11.4% of income to rent ($534/month), while homeowners pay $567 monthly—both comfortably below the 30% affordability threshold. Combined with a $56,087 median household income, Elk County residents have room to build savings and manage unexpected expenses.

Remote workers, consider Elk County

If you're weighing rural Kansas options, Elk County offers the state's most affordable housing foundation. Compare this stability to pricier neighbors like Ellis County (rent-to-income: 18.0%) or Geary County (23.4%)—your paycheck stretches further here.

Affordability Calculator

See how your income compares to housing costs in Elk County

$

Rent Burden

11.4%

of gross income

Max Housing (28% Rule)

$1,309

per month

Owner Cost Burden

12.1%

of gross income

You can likely afford the median home in Elk County

Median home value is $60,900. Estimated monthly cost: $486 vs. your max of $1,309.

Rent Affordability Guide

Your rent-to-income ratio11.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Elk County, Kansas?
Elk County, Kansas has a median monthly rent of $534/mo and a median home value of $60,900. The affordability rating is Unaffordable, with rent making up approximately 22.0% of median household income.
What is the median rent in Elk County?
The median gross rent in Elk County is $534/mo. This is 32% below state average for Kansas.
Is Elk County affordable?
Elk County is rated Unaffordable based on rent-to-income ratio of 22.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Elk County's rent compare to the state average?
Elk County's median rent of $534/mo is 32% below state average of $787/mo for Kansas.
What is the median home value in Elk County?
The median home value in Elk County, Kansas is $60,900. This is 78% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.