Quick facts: Sand springs, OK

Quick Facts

90.9
Cost of Living
below US average
20,031
Population
41.29
Crime Rate per 1000
above US average
$70,431
Median Income
below US average
$224,900
Median House Price
above US average
$1600.0
Average Rent
above US average
9%
Poverty Rate
below US average
3.8%
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 $70,431.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $224,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $70,431
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Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1600.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($70,431) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sand springs, OK

Sand Springs is a charming city located in Tulsa County, Oklahoma, just west of the larger city of Tulsa. Known for its small-town vibe and strong community spirit, Sand Springs offers a blend of modern amenities and natural beauty. The city features a variety of parks, including the picturesque River City Park, which is perfect for outdoor activities, picnicking, and enjoying the scenic views along the Arkansas River. Sand Springs has a rich history, originally established as a resort town in the early 1900s, and it retains a quaint downtown area with local shops, restaurants, and cultural attractions. The city is home to the Sand Springs Cultural and Historical Museum, which showcases the area’s heritage and provides insights into its development over the years. The community hosts various events throughout the year, fostering a sense of togetherness among residents. With its proximity to Tulsa, Sand Springs serves as a convenient location for those who work in the city but prefer a quieter, suburban lifestyle. Overall, Sand Springs is an inviting place that combines the charm of a small town with access to the larger urban center nearby.

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