Cost of Living in Beloit, KS

Population 3,141 · Kansas · Data vintage 2023

42
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Beloit is a smaller Kansas community of around 3000 residents, where median household incomes of $50,865 and housing costs ($99,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 1.6% points to a labor market well on the tight side of the national distribution.

Geographically, Beloit lies roughly 120 miles southwest of the nearest major metro, Lincoln. Median home values run roughly 60% lower than Lincoln's $248,000.

Cost Overview

Housing 32
Rent 56

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Beloit

The median home value in Beloit is $99,100 — 68% below the national median of $305,000. Median rent runs $739/month, 44% lower than the national median of $1,314/month. The median household income of $50,865/year is 32% lower than the US median of $74,580. The local unemployment rate is 1.6%, below the national average of 4.8%. Kansas's top state income tax rate is 5.7% and the combined sales tax is 8.6%. Overall, Beloit has a cost of living index of 42 versus the US average of 100, meaning it is 58% less expensive.

🏠 Housing

Median Home Value
$99,100
68% below avg
Zillow Home Value
$410,093
Zillow ZHVI
Median Rent
$739/mo
44% below avg
Price-to-Rent Ratio
11.2x
Favors buying
Property Tax Rate
1.4%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$625
1 BR
$695
2 BR
$872
3 BR
$1,158
4 BR
$1,257
Owner-occupied 62.0%
Renter-occupied 38.0%

💰 Estimated Monthly Budget

Rent median rent
$739
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,353/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
12.9 min
52% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
7.7%

Commute Mode

Drove alone
77.6%
Carpooled
7.7%
Public transit
3.2%
Walked
3.8%
Work from home
7.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.7%
Total Sales Tax 8.6%
State rate 6.5%
Avg local rate 2.1%
Property Tax 1.4%

💼 Income & Employment

Median Household Income
$50,865
32% below avg
Per Capita Income
$33,945
Unemployment Rate
1.6%
66% below avg
Poverty Rate
16.6%
Labor Force Participation
56.6%

🎓 Education

Bachelor's degree+ 14.6%
Graduate degree 8.4%

👥 Demographics

Median Age 39.2
Male median age 37.1
Female median age 41.4

🏫 Schools

NCES CCD 2019 — public school district data

97%
4-Year Graduation Rate
8.9:1
Student-teacher ratio
2
Public schools
806
Total enrollment

Frequently Asked Questions

What is the cost of living in Beloit, KS?

Beloit has a cost index of 42 (100 = national average). It is 58% below the national average.

What is average rent in Beloit, KS?

The median gross rent in Beloit is $739 per month based on 2023 Census data.

What is the average home price in Beloit?

The median home value in Beloit is $99,100 according to Zillow and Census data.

What is the median income in Beloit?

The median household income in Beloit is $50,865 per year (2023 ACS 5-year estimates).

What is the sales tax in Beloit, KS?

The combined state and local sales tax rate in Beloit is 8.6%. The Kansas state income tax top rate is 5.7%.

Is Beloit, KS affordable?

Yes, Beloit is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.

Beloit at a Glance

Population
3,141
Median Income
$50,865
Home Value
$99,100
Median Rent
$739/mo
Unemployment
1.6%
Sales Tax
8.6%
View all cities in Kansas →
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Explore county-level cost of living data

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