Living the good life in Kansas just reached a new milestone with the New York Times report of new census data showing the percentage of income needed to pay rent in Olathe was higher than in New York City. Olathe also had the biggest jump in the percentage of people paying at least 30 percent of their income on rent, as well as in those paying at least 50 percent on rent, the paper reported.
The population of Olathe is growing at a rate of 4,000 per year, which has driven up housing prices. Housing has doubled in the past five years, with the average home now selling at $350,000. Builders also aren’t building enough apartments and duplexes, which is keeping rental prices sky-high.
Posted by Angie Holladay
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