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Cost of Living in Matfield Green, KS (66862)

Quick Financial Snapshot

Hourly Living Wage$17.48 / hrBased on 2,080 hrs/yr
Target 50/30/20 Salary$72,720 / yrTo live comfortably
Family of 4 Monthly Cost$6,010 / mo2.0x single adult baseline

Executive Financial Report: Matfield Green (66862)

Evaluating relocation options in Chase? The financial baseline for residing in Matfield Green, KS (66862) indicates that a single adult needs roughly $3,030 monthly to cover basic survival expenses.

With typical rent and housing utilities averaging an affordable $543 per month—just 18% of baseline expenses—Matfield Green offers exceptionally competitive shelter costs compared to wider metropolitan averages across Kansas.

To maintain sustainable financial health in Matfield Green (66862) using the popular 50/30/20 budgeting framework, your essential living expenses ($3,030/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $72,720 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $17.48/hour just to meet basic survival costs.

For a family of four (2 adults and 2 children), basic monthly expenditures in Matfield Green increase to $6,010 per month ($72,120/year)—approximately 2.0x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $58,377, local wages provide a 1.61x coverage ratio relative to single-adult baseline expenses.

Transportation costs average $984/month (32% of budget), while essential healthcare premiums demand $470/month. Direct tax liabilities consume $481 monthly (16% of spending). Factoring state income tax brackets into compensation negotiations is recommended. Overall, living in Matfield Green (66862) requires balancing real estate trends with local earnings.

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Total Monthly Cost$3,030Est. $36,359 / year
Housing / Rent$54317.9% of monthly budget
Food & Groceries$261Essential food benchmarks
Area Median Income$58,377Annual household average

Expense Distribution

Detailed Monthly Breakdown

Housing$543
Food$261
Transportation$984
Healthcare$470
Taxes$481
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Frequently Asked Questions

Living Cost FAQs for Matfield Green (66862)

Q: What is the minimum hourly living wage required in Matfield Green, KS (66862)?

To cover essential living costs without financial distress, a full-time worker (2,080 hours/year) in Matfield Green (66862) requires a minimum hourly living wage of $17.48/hour.

Q: How much salary do I need to live comfortably in Matfield Green (66862)?

Following the 50/30/20 budgeting rule (where necessities consume 50% of net income), a single adult needs a target gross annual salary of roughly $72,720 to live comfortably in Matfield Green (66862).

Q: What is the monthly cost of living for a family of four in Matfield Green (66862)?

Estimated baseline monthly living expenses for a family of four (2 adults, 2 children) in Matfield Green (66862) are $6,010 per month ($72,120 per year).

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