Quick facts: Broken arrow, OK

Quick Facts

90.9
Cost of Living
below US average
117,911
Population
17.77
Crime Rate per 1000
below US average
$82,547
Median Income
above US average
$303,353
Median House Price
above US average
$1902.82
Average Rent
above US average
10%
Poverty Rate
below US average
3.3%
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 $82,547.

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Income Needed to Buy

βœ— Stretch
$95k/year
Based on $303,353 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $95k vs median $82,547
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1902.82/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($82,547) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Broken arrow, OK

Broken Arrow is a suburb located in Tulsa County, Oklahoma, and is part of the larger Tulsa metropolitan area. With a population of over 100,000, it is one of the fastest-growing cities in the state. The city is known for its family-friendly atmosphere, offering numerous parks, recreational programs, and community events. Broken Arrow features a blend of suburban charm and convenient access to urban amenities. The downtown area has experienced revitalization, showcasing local shops, dining, and entertainment options. The city is also home to the popular Broken Arrow Historical Society Museum, which celebrates the region's rich history. In terms of education, Broken Arrow boasts a strong public school system and several higher education institutions. The city's well-maintained parks provide ample opportunities for outdoor activities, including hiking, sports, and community events like festivals and farmer's markets. With its strategic location near Tulsa, residents enjoy easy access to a range of cultural attractions, shopping centers, and job opportunities, making Broken Arrow a desirable place to live for families and professionals alike.

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