Quick facts: Eureka, KS

Quick Facts

97.6
Cost of Living
below US average
2,295
Population
6.54
Crime Rate per 1000
below US average
$39,063
Median Income
below US average
$87,000
Median House Price
above US average
$1299
Average Rent
below US average
12%
Poverty Rate
above US average
3.8%
Unemployment Rate
below US average

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 $39,063.

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Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $87,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($39,063) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1299/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $39,063
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Eureka, KS

Eureka, located in Greenwood County, Kansas, is a small yet charming city with a rich historical background. Founded in 1868, it serves as a hub for both agriculture and local industry. With a population of around 2,500 residents, Eureka’s close-knit community is known for its friendly atmosphere and welcoming spirit. The city is situated near the Verdigris River, providing beautiful natural surroundings and opportunities for outdoor activities like fishing and hiking. Eureka is home to several parks that offer recreational facilities for families and children. The town's historic downtown area features charming storefronts, local businesses, and a few dining options, giving visitors a taste of the local culture. Eureka also hosts notable annual events, such as the Eureka Rodeo, which draws visitors from various regions. The proximity to larger cities like Wichita, approximately 60 miles to the southwest, allows residents to enjoy the benefits of small-town living while having access to urban amenities when needed. Overall, Eureka embodies the spirit of classic Midwestern towns with its community-oriented lifestyle and emphasis on tradition.

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