Quick facts: Oklahoma city, OK

Quick Facts

96.5
Cost of Living
below US average
694,800
Population
36.9
Crime Rate per 1000
above US average
$64,251
Median Income
below US average
$375,000
Median House Price
above US average
$3071.38
Average Rent
above US average
13%
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 $64,251.

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Income Needed to Buy

βœ— Stretch
$118k/year
Based on $375,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $118k vs median $64,251
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Income Needed to Rent

⚠ Stretch
$132k/year
Based on $3071.38/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $132k vs median $64,251
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oklahoma city, OK

Oklahoma City, the capital of Oklahoma, is a vibrant city known for its rich history, diverse culture, and growing economy. Located in the central part of the state, it serves as a key hub for energy, aviation, and biotechnology industries. The city's skyline is characterized by modern buildings, including the Devon Tower, one of the tallest skyscrapers in the state. Oklahoma City boasts a range of attractions, such as the National Cowboy & Western Heritage Museum, showcasing the city’s Western heritage. The revitalized Bricktown district offers a lively atmosphere with restaurants, shops, and a scenic canal. The Oklahoma City National Memorial & Museum pays tribute to the victims of the 1995 bombing and serves as a poignant reminder of resilience. Outdoor enthusiasts can explore the expansive Myriad Botanical Gardens, while sports fans can enjoy events featuring teams like the NBA Oklahoma City Thunder. The city's cost of living is relatively low, making it an attractive place for families and young professionals alike. Overall, Oklahoma City blends a rich heritage with modern amenities, creating a unique and dynamic environment.

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