Quick facts: Jay, OK

Quick Facts

90.9
Cost of Living
below US average
2,452
Population
35.89
Crime Rate per 1000
above US average
$36,625
Median Income
below US average
$175,000
Median House Price
above US average
$1248
Average Rent
below US average
14%
Poverty Rate
above US average
3.2%
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 $36,625.

🏠

Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $36,625
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $36,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jay, OK

Jay, Oklahoma, serves as the county seat of Delaware County and is situated in the picturesque Ozarks region. Known for its small-town charm, Jay boasts a population of around 2,500 residents. The town is characterized by its rich Native American heritage, being part of the Cherokee Nation, and features several historical sites and cultural elements reflective of its roots. The scenic surroundings offer multiple outdoor activities, with access to beautiful parks, lakes, and hiking trails. Nearby, the Grand Lake O' the Cherokees provides a popular spot for fishing, boating, and camping, drawing visitors year-round. This region is also known for its annual events, such as the Jay Community Festival, which brings locals together for food, crafts, and entertainment. Jay is conveniently located along U.S. Route 59, providing easy access to other nearby cities and attractions. Its close-knit community and friendly atmosphere make it an appealing place for families and individuals seeking the tranquility of rural living while still being part of a vibrant, growing area.

πŸ” Search & Compare Places

First Location πŸ“