Cost of Living in Paola, KS
Paola cost of living index: 102.9 (above the US average). Median home price: $300,000.
Updated 2026 • Based on 1 local zip code
📍 Some data sourced from nearby metro area
2% above the national average
Housing
Data from 1 zip code
Housing costs in Paola, KS based on real market data from 1 local zip code.
When considering a move to Paola, KS, the housing metrics present a compelling picture. With a housing index of 82.6, it appears more affordable compared to national averages. The median home price stands at 300000.0, making homeownership within reach for many. Monthly rents for a 2-bedroom apartment and house average around 1299.0 and respectively. Furthermore, understanding the local job market and amenities can further validate your decision, as finding a balanced lifestyle is crucial before making this investment. Consider these factors to ensure that Paola meets your long-term goals.
Last updated: January 2026
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
Living in Paola, KS could entail variable utility costs. Electricity costs sit at $14.22, while natural gas is priced at data unavailable per Thousand Cubic Feet. Expect to budget about $82.8 monthly for other services like water and garbage.
Cost Breakdown by Category
Local Income & Economy in Paola, KS
How far does your money go in Paola? Understanding the relationship between income and cost of living is key to evaluating affordability.
How We Calculate Adjusted Purchasing Power in Paola
The adjusted purchasing power shows what a Paola, KS household income is actually worth after accounting for local prices. We calculate it using the formula: Purchasing Power = Median Income ÷ Cost of Living Index × 100
For Paola, that's $69,420 ÷ 102.9 × 100 = $67,464. This means a household earning the median income in Paola has the equivalent buying power of $67,464 in a city where the cost of living index equals the national baseline of 100.
Paola's cost of living index of 102.9 is moderately above the US average, meaning residents pay 2% more for typical goods and services. However, with a median household income of $69,420, many families find Paola affordable relative to other cities in KS. The adjusted purchasing power of $67,464 reflects a slight reduction in buying power, but strong local job markets and quality of life often offset the higher expenses.
The local unemployment rate of 2.5% is below the national average, indicating a strong job market in Paola, KS. Combined with a median income of $69,420, this suggests good earning potential that helps offset the above-average cost of living.
💡 Purchasing power is calculated by dividing the local median household income by the cost of living index and multiplying by 100. A result higher than the nominal income means your money goes further; a lower result means local prices erode your earnings. The US baseline cost of living index is 100.
Pros & Cons of Living in Paola
Pros
- • Friendly community
- • Small-town charm
- • Quiet suburban area
- • Nearby parks and trails
- • Low cost of living
- • Local events and festivals
- • Affordable housing options
- • Low crime rate
- • Good for families
- • Access to local businesses
Cons
- • Less cultural diversity
- • Few kids activities available
- • Few job opportunities
- • Schools need improvement
- • Limited nightlife options
- • Public transport is lacking
- • Dependence on nearby cities
- • Economic growth is slow
- • Conservative political views
- • Limited dining variety
💡City Insights
Paola scores 8/10 for affordability, 5/10 for safety, and 5/10 for family-friendliness — an good overall profile. Its strongest aspect is affordability, making it particularly suitable for budget-conscious buyers. This balanced profile makes Paola worth considering for various lifestyle priorities.
Frequently Asked Questions
What is the cost of living in Paola, KS? ▼
The cost of living in Paola, KS is 3% higher than the national average, with a cost of living index of 103 (where 100 represents the U.S. average). Housing typically accounts for the largest portion of living expenses. See full cost of living breakdown →
How much does it cost to buy or rent a home in Paola, KS? ▼
In Paola, KS, The median home price is $300,000. requiring approximately $107,143 annual income to afford. Average rent is $1,299/month (requiring ~$51,960/year income). The local median household income is $69,420, making homeownership attainable for typical residents. Explore Paola real estate data →
Is Paola, KS a safe place to live? ▼
Paola, KS is average in terms of safety, with crime rates near the national average. Safety varies significantly by neighborhood. View detailed Paola crime statistics →
What salary do you need to live comfortably in Paola, KS? ▼
To live comfortably in Paola, KS and afford a median-priced home of $300,000, you would typically need a household income of $75,000 to $93,750 per year. The local median household income is $69,420. Renting requires approximately $51,960/year (at $1,299/month). See full affordability analysis →
What are the best neighborhoods in Paola, KS? ▼
The best neighborhoods in Paola, KS depend on your priorities. For families, look for areas near top-rated schools with lower crime rates. For affordability, neighborhoods throughout the city offer good value since the median home price of $300,000 is below the national average.
How are the taxes in Paola, KS? ▼
Tax rates in Paola, KS include state and local components. The cost of living index of 103 reflects a moderate cost environment compared to the national average. View detailed Paola tax information →
How does Paola, KS compare to nearby cities? ▼
Paola, KS offers comparable costs to nearby communities. With a cost of living index of 103, median home prices of $300,000, and a crime rate of 0 per 1,000 residents, you can compare these metrics side-by-side. Use the compare feature to evaluate specific cities.
What is the weather like in Paola, KS? ▼
Weather in Paola, KS varies by season. Climate data varies by season. View detailed Paola climate & environment data →
What factors affect cost of living in Paola, KS? ▼
The main factors affecting cost of living in Paola, KS include housing costs (the biggest factor), utilities, groceries, transportation, and healthcare. Local taxes and the overall economic conditions also play a role.
Housing Costs by Zip Code
Detailed housing data across 1 zip code in Paola, KS.
| Zip Code | Median Home Price | Avg Rent | 2BR Rent | For Sale | For Rent |
|---|---|---|---|---|---|
| 66071 | $300,000 | — | — | 124 | 2 |
Explore More About Paola, KS
📅 Last Updated: January 2026
Sources: U.S. Census Bureau (ACS), Bureau of Labor Statistics, Council for Community and Economic Research (C2ER), Zillow, Redfin