Quick facts: Wichita, KS

Quick Facts

90.5
Cost of Living
below US average
396,192
Population
44.33
Crime Rate per 1000
above US average
$60,712
Median Income
below US average
$269,000
Median House Price
above US average
$1423.57
Average Rent
above US average
13%
Poverty Rate
above US average
4.1%
Unemployment Rate
above 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 $60,712.

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Income Needed to Buy

βœ— Stretch
$84k/year
Based on $269,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $84k vs median $60,712
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Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1423.57/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $60,712
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wichita, KS

Wichita, located in south-central Kansas, is the largest city in the state and serves as a cultural and economic hub. Known as the "Air Capital of the World," it has a rich history in the aviation industry, housing major companies like Spirit AeroSystems and Textron Aviation. The city boasts a diverse economy with a mix of manufacturing, healthcare, and education sectors. Wichita State University adds to the educational landscape, offering a range of programs and fostering research and innovation. Culturally, Wichita features a variety of attractions, including the Sedgwick County Zoo, one of the largest in the United States. The Old Cowtown Museum offers a glimpse into the city’s Wild West history, while the Botanica gardens provide a stunning natural retreat. The city hosts numerous festivals, with the Wichita Riverfest being a standout event, showcasing live music, food, and entertainment. The arts scene is vibrant, with the Ulrich Museum of Art and various theaters enriching the local culture. Overall, Wichita combines a strong sense of community with opportunities for growth, making it a unique place to live and work.

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