Quick facts: Oak grove, KY

Quick Facts

99.8
Cost of Living
below US average
7,997
Population
30.14
Crime Rate per 1000
above US average
$40,740
Median Income
below US average
$239,900
Median House Price
above US average
$1208.3
Average Rent
below US average
Poverty rate Data is updating, will be available soon
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 $40,740.

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Income Needed to Buy

βœ— Stretch
$75k/year
Based on $239,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $75k vs median $40,740
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Income Needed to Rent

⚠ Stretch
$52k/year
Based on $1208.3/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $52k vs median $40,740
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oak grove, KY

Oak Grove is a small city located in Christian County, Kentucky, situated just north of Fort Campbell, a major U.S. Army base. With a population of around 7,000 residents, Oak Grove is characterized by its friendly, tight-knit community and small-town charm. The city offers a variety of local amenities including parks, restaurants, and shops, making it a convenient place for families and individuals alike. Oak Grove hosts several community events throughout the year, fostering a sense of community and camaraderie among its residents. The proximity to Fort Campbell not only influences the demographic makeup but also offers various recreational opportunities, including outdoor activities and military-based events. The city is easily accessible via major highways, providing residents with a quick commute to nearby larger cities like Hopkinsville and Clarksville, TN. Oak Grove also benefits from a range of educational facilities, parks, and a peaceful suburban environment, making it an appealing choice for military families and those seeking a quieter lifestyle while still being close to urban conveniences.

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