Quick facts: Ponca city, OK

Quick Facts

90.9
Cost of Living
below US average
24,340
Population
37.18
Crime Rate per 1000
above US average
$51,367
Median Income
below US average
$99,000
Median House Price
above US average
$862.5
Average Rent
below US average
18%
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 $51,367.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $99,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($51,367) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$37k/year
Based on $862.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($51,367) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Ponca city, OK

Ponca City, located in northern Oklahoma, is a vibrant city with a rich history and a close-knit community. Founded in the late 19th century, it experienced significant growth during the oil boom, which has shaped its economic landscape. Today, Ponca City is known for its diverse industry, with sectors including manufacturing, healthcare, and education. The city is home to several parks and recreational areas, offering residents and visitors ample opportunities for outdoor activities. Popular spots include Wentz Campground, Lake Ponca Park, and the beautiful Pioneer Woman Statue, which captures the spirit of the area's heritage. Culturally, Ponca City boasts attractions such as the Marland Estate, a historic house museum, and the Ponca City Art Center, showcasing local talent. The city also hosts various community events throughout the year, fostering a sense of unity among its residents. Education is a priority in Ponca City, with a strong public school system and access to higher education through nearby institutions. Overall, Ponca City represents a blend of historical significance, community spirit, and modern amenities, making it a charming place to live and visit.

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