Quick facts: Bethany, OK

Quick Facts

90.9
Cost of Living
below US average
20,447
Population
22.2
Crime Rate per 1000
below US average
$54,606
Median Income
below US average
$216,000
Median House Price
above US average
$1181.09
Average Rent
below US average
13%
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 $54,606.

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Income Needed to Buy

βœ— Stretch
$68k/year
Based on $216,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $68k vs median $54,606
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Income Needed to Rent

βœ“ Affordable
$51k/year
Based on $1181.09/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($54,606) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bethany, OK

Bethany, located in Oklahoma County, Oklahoma, is a vibrant suburb of Oklahoma City. This small city, with a population of approximately 20,000, is known for its friendly community atmosphere and rich history. Established in the early 20th century, Bethany has deep roots in the Church of the Nazarene, which continues to influence the city’s culture and events. The city features a mix of residential areas, parks, and public amenities, making it a great place for families. Key attractions include the popular Bethany Park, which offers recreational facilities, playgrounds, and walking trails. The city also hosts various community events throughout the year, including festivals and farmers' markets, fostering a strong sense of community. Education plays an important role in Bethany, with the Bethany Public Schools serving the area, providing quality education from elementary through high school levels. Additionally, the city is home to Southern Nazarene University, a private Christian university that contributes to the vibrant academic and cultural landscape. Overall, Bethany, OK combines a small-town feel with the conveniences of urban living, making it an inviting place to call home.

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