Quick facts: Medicine lodge, KS

Quick Facts

97.6
Cost of Living
below US average
1,732
Population
11.55
Crime Rate per 1000
below US average
$53,156
Median Income
below US average
$132,500
Median House Price
above US average
$1299
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 $53,156.

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Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $132,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($53,156) 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 $53,156
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Medicine lodge, KS

Medicine Lodge is a small city located in Barber County, Kansas. Known for its rich history and charming small-town atmosphere, the city was founded in the 1870s and has deep ties to Native American heritage. It serves as the county seat and boasts a population of around 2,000 residents. The city is named after a nearby spring used by Native Americans, which served as a "medicine lodge." Medicine Lodge offers a variety of recreational activities, with parks, sports facilities, and proximity to natural landscapes. The annual Medicine Lodge Peace Treaty Pageant, which reenacts the 1867 peace treaty between the U.S. government and several Native American tribes, attracts visitors and celebrates the area's cultural significance. In terms of amenities, the town provides essential services, local shops, and restaurants. Its community events foster a close-knit atmosphere, making it a welcoming place for both residents and visitors. Overall, Medicine Lodge embodies the charm and history of rural Kansas, making it a unique spot to explore.

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