Quick facts: Guymon, OK

Quick Facts

90.9
Cost of Living
below US average
12,378
Population
12.6
Crime Rate per 1000
below US average
$55,526
Median Income
below US average
$220,000
Median House Price
above US average
$1248
Average Rent
below US average
11%
Poverty Rate
above US average
3.5%
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 $55,526.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $220,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $55,526
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,526) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Guymon, OK

Guymon is a city located in the northwestern corner of Oklahoma, serving as the county seat of Texas County. Known for its vibrant agriculture and cattle industry, Guymon plays a vital role in the local economy with a strong emphasis on farming and livestock production. The city is home to a diverse community and offers a small-town atmosphere with a population of around 12,000 residents. Guymon is also recognized for its annual events, such as the Guymon Pioneer Days Rodeo, which showcases the region's rich cowboy culture and draws participants and visitors from across the state and beyond. The city features a variety of recreational opportunities, including parks, sports facilities, and nearby outdoor activities for those who enjoy fishing and hiking. Culturally, Guymon is influenced by its Hispanic heritage, which is celebrated through events and local cuisine. The city's location along U.S. Route 54 provides easy access for travelers and contributes to its role as a service center for the surrounding rural areas. Overall, Guymon presents a blend of agricultural roots, community spirit, and cultural diversity.

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