Quick facts: Olathe, KS

Quick Facts

105.3
Cost of Living
above US average
145,616
Population
14.22
Crime Rate per 1000
below US average
$108,077
Median Income
above US average
$634,950
Median House Price
above US average
$2044.52
Average Rent
above US average
7%
Poverty Rate
below US average
3.1%
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 $108,077.

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Income Needed to Buy

βœ— Stretch
$199k/year
Based on $634,950 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $199k vs median $108,077
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Income Needed to Rent

βœ“ Affordable
$88k/year
Based on $2044.52/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($108,077) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Olathe, KS

Olathe, Kansas, is a vibrant city located in Johnson County, part of the Kansas City metropolitan area. With a population of over 140,000, it is one of the fastest-growing cities in the state. Olathe is known for its excellent school system, family-friendly environment, and a strong sense of community. The city boasts numerous parks and recreational facilities, including the expansive Lake Olathe Park, which offers activities like boating, fishing, and hiking. Culturally, Olathe has a rich history and features attractions such as the Olathe Community Center and the Mahaffie Stagecoach Stop & Farm Historic Site, providing insights into the area's pioneer past. The city's economy is robust, with a diverse range of businesses and easy access to the metropolitan job market. Olathe is also home to several annual events that foster community spirit, such as the Olathe Sweet Corn Festival and the Art Walk. With its blend of suburban charm and access to urban amenities, Olathe offers a high quality of life, making it an attractive place for residents and visitors alike.

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