Housing costs in Formoso?
A typical home costs
$64,500, which is 80.9% less expensive than the national average of
$338,100 and 66.8% less expensive than the average Kansas home, at
$194,100. Renting a two-bedroom unit in Formoso costs
$710 per month, which is 50.3% cheaper than the national average of
$1,430 and 36.6% cheaper than the state average of
$970.
Can I afford Formoso?
To live comfortably in Formoso, Kansas, a minimum annual income of
$12,240 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Formoso?
The cost of living in Formoso, KS is quite reasonable compared to other areas in the state. The median household income is slightly lower than the national average at $44,927, but the overall cost of goods and services is much lower than other parts of the state. For instance, housing costs are much lower than in larger metropolitan areas, and groceries and utilities tend to be more affordable here as well. Overall, Formoso proves to be a great option for those looking for an affordable place to live without sacrificing quality of life.