Quick facts: El dorado, KS

Quick Facts

97.6
Cost of Living
below US average
12,865
Population
24.17
Crime Rate per 1000
above US average
$52,921
Median Income
below US average
$187,200
Median House Price
above US average
$970.31
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,921.

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Income Needed to Buy

βœ— Stretch
$59k/year
Based on $187,200 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $59k vs median $52,921
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Income Needed to Rent

βœ“ Affordable
$42k/year
Based on $970.31/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($52,921) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for El dorado, KS

El Dorado, located in Butler County, Kansas, is a charming city known for its rich history and small-town atmosphere. With a population of around 13,000 residents, it serves as a hub for surrounding rural areas. The city is situated approximately 30 miles east of Wichita, making it an attractive location for those who enjoy a quieter lifestyle while still having access to urban amenities. El Dorado features a vibrant downtown area with a mix of historic buildings, local shops, and restaurants. The El Dorado State Park, one of the largest state parks in Kansas, offers outdoor recreational activities such as fishing, boating, and hiking, making it a popular destination for nature enthusiasts. The city hosts several annual events, including the El Dorado Lake & Art Festival, which showcases local artists and craftspeople, reflecting the community’s strong artistic spirit. Additionally, the local schools and community centers promote a strong sense of community engagement and pride. Overall, El Dorado is known for its friendly residents, beautiful parks, and a close-knit community feel, making it a great place to live, work, and visit in Kansas.

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