The Midwest has long been touted as having an abundance of affordable, livable communities. Kansas City, the nucleus of the Heartland, is no exception. With good schools, plentiful parks, low housing costs and an active business climate, the metropolitan area is the ideal relocation spot for those who want to have it all without breaking the bank.
The Kansas City metropolitan area stretches into both Missouri and Kansas, and according to recent statistics from the Missouri Economic Research and Information Center, the two states were the sixth and fifth least expensive respectively in the United States. Missouri received a rating of 90.5 and Kansas 90.4 on ACCRA’s Cost of Living Index; similar states included Texas with 90.5, Colorado with 104.4 and Kentucky with 90.8.
One of the reasons the area is so affordable is the cost of housing. For the second quarter of 2013, the median price for a single-family home in Kansas City was $159,600 -- comparable markets came in at $146,200 in Louisville, Ky.; $189,000 in Houston; $171,700 in Tulsa; $199,600 in Minneapolis and $286,500 in Denver, Colo., according to statistics from the National Association of Realtors. To find out what a home comparable to yours would cost in another city, go to the Coldwell Banker Home Listing Report to find out.
When relocating to the area, the No. 1 topic asked about is the quality of area schools. It is a pleasant surprise for many relocators to find out they can save money by putting their kids into public rather than private schools. Many of the suburbs are awash with Blue Ribbon school districts. Private schools are great, and many want their kids there, but as far as saving money on education you’ll never find a place better than the Kansas City area for public schools.
Take a Tour of Kansas City.
Average List Price: $265,754
Average Days on Market: 199
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