Quick facts: Newton, KS

Quick Facts

97.6
Cost of Living
below US average
18,392
Population
33.11
Crime Rate per 1000
above US average
$66,528
Median Income
below US average
$175,000
Median House Price
above US average
$1051.0
Average Rent
below US average
9%
Poverty Rate
below US average
3.4%
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 $66,528.

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Income Needed to Buy

βœ“ Affordable
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($66,528) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$45k/year
Based on $1051.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($66,528) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Newton, KS

Newton, Kansas, is a vibrant city located in Harvey County, approximately 25 miles north of Wichita. With a population of around 19,000 residents, it offers a blend of small-town charm and urban amenities. Founded in the late 19th century, Newton has a rich history that reflects its railway origins, with the Santa Fe Railroad playing a significant role in its development. The city features a variety of parks and recreational facilities, including the popular Sand Creek Trail, which provides opportunities for walking, biking, and enjoying nature. Newton is also home to several annual events, such as the Newton Chamber of Commerce's annual Christmas Parade and the Harvey County Fair. Culturally, Newton boasts a thriving arts scene, with galleries, theaters, and community events that celebrate local talent. The city is served by the Newton Public School District and is home to several higher education institutions, enhancing its educational landscape. Overall, Newton offers a welcoming community atmosphere, making it an attractive place for families and individuals seeking the balance of rural living with access to urban resources.

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