Cost of Living in Wallace County, Kansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Wallace County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Wallace County ranks #470 of 3,142 counties for affordability (top 15%)
Sourced county brief
Wallace County reports 14.4 percent official GRAPI
Wallace County's official median gross rent as a percentage of household income (GRAPI) is 14.4%. This figure is 10.2 percentage points below the Kansas unweighted county mean of 24.6% for this metric. The median gross rent in the county was estimated at $601 per month, while the state unweighted county mean is $802. For homeowners, the median selected monthly owner cost is $738, compared to the state unweighted county mean of $861. The median home value was estimated at $105,000, which is below the state unweighted county mean of $138,825. Renter-household median income in the county was recorded at $47,250. This snapshot analysis uses the U.S. Census Bureau ACS 2020-2024 5-Year Estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Wallace County
Affordability Verdict
ACS B25071 estimates median gross rent at 14.4% of renter household income in Wallace County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $601 per month; median selected monthly owner costs are $738. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $24,040 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Kansas unweighted mean of county median rents is $802 per month. Wallace County's $601 median is 25.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Wallace County
Rent Burden
11.4%
of gross income
Max Housing (28% Rule)
$1,475
per month
Owner Cost Burden
14.0%
of gross income
You can likely afford the median home in Wallace County
Median home value is $105,000. Estimated monthly cost: $838 vs. your max of $1,475.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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