Quick facts: Lawton, OK

Quick Facts

89.7
Cost of Living
below US average
91,542
Population
29.11
Crime Rate per 1000
above US average
$51,561
Median Income
below US average
$135,000
Median House Price
above US average
$1277.7
Average Rent
below US average
14%
Poverty Rate
above US average
4.4%
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 $51,561.

🏠

Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $135,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($51,561) exceeds requirement
🏒

Income Needed to Rent

⚠ Stretch
$55k/year
Based on $1277.7/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $55k vs median $51,561
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lawton, OK

Lawton, located in southwestern Oklahoma, is the county seat of Comanche County and is known for its rich history and cultural diversity. The city has a population of approximately 90,000 residents and is surrounded by scenic landscapes, including the Wichita Mountains, which offer opportunities for outdoor activities such as hiking, rock climbing, and wildlife observation. Lawton is home to Fort Sill, a historic military installation that plays a significant role in the local economy and community. The presence of the Fort contributes to a vibrant military culture, with various events and activities that honor veterans and service members. The city boasts several attractions, including the Museum of the Great Plains, which showcases the region's history and heritage, and the Wichita Mountains Wildlife Refuge, where visitors can experience diverse ecosystems and observe bison, longhorn cattle, and various bird species. Lawton's economy is diverse, with contributions from the defense sector, healthcare, retail, and education. The city also hosts various annual events, including the Lawton Community Theatre productions and the Lawton Arts for All festival, promoting the local arts scene. Overall, Lawton offers a blend of history, culture, and outdoor adventure, making it a unique place to live and visit.

πŸ” Search & Compare Places

First Location πŸ“