Quick facts: Glen elder, KS

Quick Facts

97.6
Cost of Living
below US average
363
Population
13.77
Crime Rate per 1000
below US average
$65,417
Median Income
below US average
$135,000
Median House Price
above US average
$1299
Average Rent
below US average
10%
Poverty Rate
below US average
3.0%
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 $65,417.

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Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $135,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($65,417) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$56k/year
Based on $1299/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($65,417) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Glen elder, KS

Glen Elder is a small city located in the north-central region of Kansas, within Mitchell County. With a population of approximately 1,200 residents, it embodies the charm of rural America. The city is situated near Glen Elder State Park, which offers outdoor enthusiasts opportunities for fishing, boating, and hiking. The park surrounds the picturesque Glen Elder Reservoir, a favored spot for both locals and visitors. Glen Elder is rich in community spirit, often hosting events that bring residents together, such as the annual Glen Elder Rodeo. The city's economy is primarily driven by agriculture, with many residents engaged in farming and ranching. The area is characterized by beautiful landscapes, rolling hills, and wide-open spaces, making it a peaceful retreat from bustling urban environments. Historic buildings and friendly faces contribute to the city's welcoming atmosphere. While Glen Elder may be small, it boasts a tight-knit community where traditions are celebrated, and neighbors help one another. Whether you're passing through or considering a visit, Glen Elder offers a glimpse into the heart of Kansas life.

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