Quick facts: Tulsa, OK

Quick Facts

90.9
Cost of Living
below US average
411,867
Population
51.79
Crime Rate per 1000
above US average
$56,648
Median Income
below US average
$850,000
Median House Price
above US average
$3015.42
Average Rent
above US average
16%
Poverty Rate
above US average
3.9%
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 $56,648.

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Income Needed to Buy

βœ— Stretch
$267k/year
Based on $850,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $267k vs median $56,648
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Income Needed to Rent

⚠ Stretch
$129k/year
Based on $3015.42/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $129k vs median $56,648
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tulsa, OK

Tulsa, located in northeastern Oklahoma, is known for its rich cultural heritage and vibrant arts scene. As the second-largest city in the state, it has a population of around 400,000 residents. The city boasts a diverse economy, with significant contributions from the energy, aerospace, finance, and manufacturing sectors. Tulsa is famous for its stunning Art Deco architecture, with landmarks like the Boston Avenue United Methodist Church and the philharmonic-styled Tulsa Union Depot. The city offers an array of cultural attractions, including the Philbrook Museum of Art, which features an impressive collection of American, European, and Native American art set in a beautiful Italian Renaissance villa, as well as the Gilcrease Museum, focusing on the art and history of the American West. Outdoor enthusiasts can enjoy parks like Riverside Park along the Arkansas River, which is perfect for walking, biking, and picnicking. Tulsa also hosts various festivals throughout the year, showcasing music, food, and local arts. The SpiritBank Event Center and the BOK Center provide venues for concerts and sports events, making Tulsa a vibrant place for entertainment and community.

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