Quick facts: Gridley, KS

Quick Facts

97.6
Cost of Living
below US average
310
Population
16.13
Crime Rate per 1000
below US average
$55,865
Median Income
below US average
$230,000
Median House Price
above US average
$1299
Average Rent
below US average
10%
Poverty Rate
below US average
3.5%
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 $55,865.

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Income Needed to Buy

βœ— Stretch
$72k/year
Based on $230,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $72k vs median $55,865
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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 ($55,865) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gridley, KS

Gridley, Kansas, is a charming small town located in Coffey County, in the east-central part of the state. With a population of around 700 residents, Gridley offers a tight-knit community atmosphere, where neighbors know each other and local businesses thrive. The town is surrounded by picturesque farmland and provides a peaceful rural lifestyle, making it an attractive place for those looking to escape urban life. The town was founded in the late 19th century and features several historic buildings, showcasing its rich heritage. The local economy is primarily based on agriculture, reflecting the surrounding fertile land. Residents enjoy outdoor activities, such as hunting and fishing, as well as community events that foster a sense of belonging. Nearby attractions include the vibrant city of Emporia, just a short drive away, which offers more extensive shopping and dining options. Gridley's proximity to larger towns, combined with its small-town charm, makes it an appealing choice for those seeking tranquility in Kansas.

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