Quick facts: Salina, OK

Quick Facts

90.9
Cost of Living
below US average
1,092
Population
44.87
Crime Rate per 1000
above US average
$40,391
Median Income
below US average
$165,000
Median House Price
above US average
$1248
Average Rent
below US average
13%
Poverty Rate
above US average
2.9%
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 $40,391.

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Income Needed to Buy

βœ— Stretch
$52k/year
Based on $165,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $52k vs median $40,391
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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 $40,391
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Salina, OK

Salina, Oklahoma, is a small town situated in Mayes County, with a rich history and a close-knit community. Nestled near the banks of the Grand River and within proximity to Salt Fork Creek, it offers picturesque natural scenery and outdoor recreational opportunities. The town has a population of around 1,500 residents, fostering a friendly, small-town atmosphere. Salina is known for its historical significance, with several notable landmarks, including the Salina Depot, showcasing its railroad history. The annual events, such as the Salina Rodeo, draw visitors and celebrate the local culture and heritage. The nearby Lake Hudson provides ample opportunities for fishing, boating, and camping, making it a popular spot for both residents and visitors. Economically, Salina has a mix of small businesses and services catering to the community's needs. Its location allows for easy access to larger cities such as Tulsa, which is only about an hour away, providing residents with additional amenities and employment opportunities. Overall, Salina is a charming town that embodies the spirit of rural Oklahoma living.

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