Quick facts: Okemah, OK

Quick Facts

90.9
Cost of Living
below US average
3,010
Population
39.53
Crime Rate per 1000
above US average
$34,882
Median Income
below US average
$264,500
Median House Price
above US average
$1248
Average Rent
below US average
20%
Poverty Rate
above US average
4.5%
Unemployment Rate
above 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 $34,882.

🏠

Income Needed to Buy

βœ— Stretch
$83k/year
Based on $264,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $83k vs median $34,882
🏒

Income Needed to Rent

⚠ Stretch
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $53k vs median $34,882
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Okemah, OK

Okemah is a small city located in Okfuskee County, Oklahoma, with a rich history and a vibrant community. Known as the birthplace of Woody Guthrie, the iconic folk singer and songwriter, Okemah hosts the annual Woody Guthrie Folk Festival, which attracts music lovers from around the country. The city's population is around 3,200 residents, contributing to its tight-knit, friendly atmosphere. The downtown area features charming shops, local dining options, and historical landmarks, reflecting the city’s heritage. Okemah is surrounded by natural beauty, with access to nearby lakes and parks, perfect for outdoor enthusiasts and those who enjoy fishing, hiking, and picnicking. The city has a strong sense of community and pride, participating in various local events and celebrations throughout the year. Okemah’s rural setting offers a peaceful, slower pace of life, making it a welcoming place for families and retirees alike. With its blend of culture, history, and community spirit, Okemah is a unique gem in the heart of Oklahoma.

πŸ” Search & Compare Places

First Location πŸ“