Quick facts: Stillwater, OK

Quick Facts

90.9
Cost of Living
below US average
49,160
Population
21.93
Crime Rate per 1000
below US average
$39,998
Median Income
below US average
$269,900
Median House Price
above US average
$1228.65
Average Rent
below US average
16%
Poverty Rate
above US average
4.0%
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 $39,998.

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Income Needed to Buy

βœ— Stretch
$85k/year
Based on $269,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $85k vs median $39,998
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1228.65/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $39,998
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stillwater, OK

Stillwater, Oklahoma, is a vibrant college town located in Payne County. Home to Oklahoma State University (OSU), the city has a youthful energy and a strong sense of community. With a population of around 50,000 residents, Stillwater offers a blend of small-town charm and university-town excitement. The city's downtown area features a variety of shops, restaurants, and cafes, making it a hub for both locals and visitors. Recreational opportunities abound, with parks like Boomer Lake Park offering trails, fishing, and picnic spots. The city hosts several annual events, including the Stillwater Arts Festival and various OSU athletic events, contributing to its lively atmosphere. Culturally, Stillwater is enriched by the presence of the university, providing access to galleries, theaters, and music performances. The town is also known for its friendly neighborhoods, strong educational system, and engaged community. Overall, Stillwater is an inviting destination that combines the academic spirit with natural beauty and a welcoming community feel.

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