Quick facts: Dewey, OK

Quick Facts

90.9
Cost of Living
below US average
4,401
Population
5.68
Crime Rate per 1000
below US average
$61,310
Median Income
below US average
$132,900
Median House Price
above US average
$1087.5
Average Rent
below US average
10%
Poverty Rate
below US average
2.1%
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 $61,310.

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Income Needed to Buy

βœ“ Affordable
$42k/year
Based on $132,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($61,310) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$47k/year
Based on $1087.5/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($61,310) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Dewey, OK

Dewey, Oklahoma, is a small city located in Washington County, in the northeastern part of the state. It is part of the larger Bartlesville metropolitan area and is known for its quaint, small-town charm. With a population of just over 3,000 residents, Dewey offers a close-knit community feel, making it an attractive place for families and those seeking a quieter lifestyle. The city is situated near the Verdigris River and offers various outdoor recreational opportunities including parks and scenic spots for fishing and hiking. Dewey celebrates its local heritage with events and festivals throughout the year, fostering a strong sense of community among residents. Education is served by the Dewey Public Schools, which emphasize a solid academic foundation for children and youth in the area. The city's location provides easy access to larger urban centers, such as Bartlesville, which is just a short drive away, offering additional amenities including shopping, dining, and cultural experiences. Dewey is also known for its historic downtown area, featuring charming storefronts and local businesses, contributing to the city's unique character. Overall, Dewey, OK, represents a peaceful, rural lifestyle with a welcoming atmosphere.

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