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Kansas City, KS vs Lawrence, KS
A 2-bedroom in Lawrence costs $176 less per month than Kansas City ($1,182 vs $1,358). Median income is $81,927 in Kansas City and $68,756 in Lawrence. That's a difference of $2,112 per year in housing costs.
Side-by-Side Comparison
| Metric | Kansas City | Lawrence |
|---|---|---|
| Studio FMR | $1,095 | $895 |
| 1BR FMR | $1,197 | $1,006 |
| 2BR FMR | $1,358 | $1,182 |
| 3BR FMR | $1,769 | $1,644 |
| 4BR FMR | $2,103 | $1,983 |
| Median Income | $81,927 | $68,756 |
| Rent Burden | 19.9% | 20.6% |
| Actual Median Rent | $1,201 | $1,066 |
| Median Home Value | $265,400 | $281,600 |
| Population | 2.2M | 120K |
| Renter % | 34.4% | 50.5% |
| Vacancy Rate | 7.2% | 6.3% |
| Poverty Rate | 10% | 15.2% |
| YoY Change | +7.9% | +12.1% |
| Min Wage | $7.25/hr | $7.25/hr |
Income Required to Afford a 2-Bedroom
Kansas City, KS
Annual Income Needed
$54,320
Hourly Wage Needed
$26/hr
Min Wage Work Hours/Week
144.1 hrs
at $7.25/hr (KS min wage)
Lawrence, KS
Annual Income Needed
$47,280
Hourly Wage Needed
$23/hr
Min Wage Work Hours/Week
125.4 hrs
at $7.25/hr (KS min wage)
Frequently Asked Questions
Lawrence, KS is more affordable with a 2BR FMR of $1,182/mo, which is $176 less than Kansas City at $1,358/mo. However, when considering local incomes, Kansas City has a rent burden of 19.9% vs 20.6% in Lawrence.
A 2-bedroom in Kansas City, KS costs $1,358/mo at Fair Market Rent, while in Lawrence, KS it's $1,182/mo, a difference of $176/mo or $2,112/year.
To afford a 2BR without spending more than 30% of income on rent: Kansas City requires $54,320/year ($26/hr). Lawrence requires $47,280/year ($23/hr).
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