Quick facts: Alex, OK

Quick Facts

90.9
Cost of Living
below US average
491
Population
8.15
Crime Rate per 1000
below US average
$64,375
Median Income
below US average
$139,900
Median House Price
above US average
$1248
Average Rent
below US average
12%
Poverty Rate
above US average
3.2%
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 $64,375.

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Income Needed to Buy

βœ“ Affordable
$44k/year
Based on $139,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($64,375) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($64,375) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Alex, OK

Alex is a small town located in the southwestern part of Oklahoma, within the boundaries of Grady County. With a population of just a few hundred residents, Alex exudes a tight-knit, rural community feel. The town is characterized by its picturesque landscape, featuring open fields and scenic views typical of the Great Plains region. The area is largely agricultural, with farming and ranching playing a crucial role in the local economy. Residents enjoy a quieter lifestyle, with access to outdoor activities such as farming, hunting, and fishing in nearby lakes and rivers. Alex is also located not far from larger towns such as Chickasha and Anadarko, providing residents with additional amenities and services. The town's close proximity to these communities allows for a blend of small-town charm with access to more urban conveniences. Overall, Alex, OK, is perfect for those seeking a peaceful, rural lifestyle with a strong sense of community in the heart of Oklahoma.

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