Quick facts: Bokoshe, OK

Quick Facts

90.9
Cost of Living
below US average
401
Population
4.99
Crime Rate per 1000
below US average
$32,083
Median Income
below US average
$120,000
Median House Price
above US average
$1248
Average Rent
below US average
19%
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 $32,083.

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Income Needed to Buy

βœ— Stretch
$38k/year
Based on $120,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $38k vs median $32,083
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Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $32,083
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bokoshe, OK

Bokoshe is a small town located in eastern Oklahoma, within the boundaries of both Le Flore and Sequoyah counties. Nestled near the Poteau River, it boasts a rural charm and a close-knit community atmosphere. The town was founded in the late 19th century and has retained much of its historic character, with several older homes and buildings that add to its quaint appeal. Bokoshe is characterized by its serene landscapes, including rolling hills and lush green areas that are ideal for outdoor activities. The town offers a peaceful lifestyle, often attracting those looking to escape the hustle and bustle of city life. Local amenities are modest, but residents enjoy a sense of camaraderie and the benefits of living in a tight-knit community. Nearby points of interest include natural attractions such as the Ozark National Forest and the scenic drive along the Poteau River. The town is also conveniently located near larger cities like Poteau and Fort Smith, Arkansas, providing access to more extensive shopping, dining, and entertainment options. Overall, Bokoshe is an inviting destination for those seeking tranquility in a picturesque setting.

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