When considering where to settle down in Kansas, one of the most important factors is the cost of living. With rising home prices nationwide, affordability has become a key concern for potential homebuyers. Topeka, the capital of Kansas, stands out as an attractive option for those looking to balance cost, quality of life, and investment potential. But is it truly the best place to buy a home in Kansas? Let’s dive into the numbers and factors that make Topeka an appealing choice.
Affordability: Topeka vs. Other Kansas Cities
Topeka consistently ranks as one of the most affordable cities in the state. As of 2024, the median home price in Topeka hovers around $175,000–$200,000, significantly lower than Kansas City, where homes often exceed $250,000, and Lawrence, where prices can climb even higher due to the university-driven demand.
The cost of living index for Topeka is around 82.5, well below the national average of 100, meaning residents enjoy lower-than-average housing, transportation, and utility costs. Compared to Wichita, which has a similar cost of living index, Topeka offers the advantage of being a government and healthcare hub, providing stable employment opportunities.
Property Taxes and Utility Costs
One important factor to consider when buying a home is property taxes. Kansas has relatively high property taxes compared to the national average, but Topeka remains competitive. The property tax rate in Shawnee County is approximately 1.4%, similar to the Kansas state average, making it manageable for homeowners.
Utility costs in Topeka are also reasonable. The average monthly utility bill, including electricity, water, and gas, is around $150–$200, depending on household size and energy efficiency. This is in line with or slightly below what homeowners in cities like Overland Park and Wichita pay.
Job Market and Economic Stability
Topeka boasts a diverse job market, with major employers in government, healthcare, education, and manufacturing. The city is home to key employers such as:
- The State of Kansas (Topeka being the capital)
- Stormont Vail Health and The University of Kansas Health System – St. Francis Campus
- Goodyear Tire & Rubber Company
- Frito-Lay
- Advisors Excel
- Mars
The unemployment rate in Topeka remains lower than the national average, providing a relatively stable economic environment for homebuyers.
Quality of Life and Amenities
Beyond affordability, Topeka offers an appealing quality of life. The city features a mix of urban and suburban living, with plenty of parks, outdoor sports complexes, and family-friendly activities. Some highlights include:
- Gage Park & the Topeka Zoo – Great for families and outdoor lovers.
- Washburn University – A hub for education and cultural events.
- Downtown Revitalization – New businesses, restaurants, and entertainment options emerging.
- SC Pickle Ball courts– An outdoor entertainment area
Crime rates have been a concern in certain areas, but proactive policing and community development projects have helped improve safety in many neighborhoods.
To find out more click here: https://services.topeka.org/departments/police/crimemap/#about&gsc.tab=0
Is Topeka the Best Place to Buy a Home in Kansas?
For first-time homebuyers, retirees, and families looking for affordability without sacrificing amenities, Topeka is one of the best places to buy a home in Kansas. The combination of low home prices, reasonable living costs, and a stable job market makes it a smart choice.
However, buyers should consider their lifestyle preferences. If you’re seeking a more fast-paced city environment, Kansas City or Lawrence may be more appealing. If affordability is the only concern, Wichita offers a similar cost structure. But for those looking for a balance of affordability, employment opportunities, and community life, Topeka is hard to beat.
Final Thoughts
If you’re considering buying a home in Kansas, Topeka should be on your radar. Its lower cost of living, reasonable property values, and strong local economy make it a great investment for homebuyers. Whether you’re a young professional, a growing family, or a retiree looking for an affordable place to settle, Topeka offers a welcoming and budget-friendly option in the heart of Kansas.
Would you consider Topeka as your next home? Let us know your thoughts!
Why Work with The Boling Group?
In a market as unpredictable as Topeka’s, having an experienced real estate team on your side is crucial. The Boling Group specializes in helping buyers and sellers navigate market fluctuations, ensuring you make informed decisions. Whether you’re looking to capitalize on a competitive seller’s market or secure a great deal as a buyer, their expertise in local trends, negotiation strategies, and personalized service can make all the difference. Trust The Boling Group to guide you through these complex times with confidence and success. The Boling Group is part of the KW One Legacy Partners LLC in Topeka KS.
