Quick facts: Wayne, OK

Quick Facts

90.9
Cost of Living
below US average
647
Population
Crime rate Data is updating, will be available soon
$60,865
Median Income
below US average
$225,000
Median House Price
above US average
$1248
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $60,865.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $60,865
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Income Needed to Rent

βœ“ Affordable
$53k/year
Based on $1248/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($60,865) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Wayne, OK

Wayne is a small town located in the heart of Oklahoma, primarily known for its quiet charm and rural atmosphere. Situated in the southern part of the state, Wayne is part of Carter County and has a close-knit community with a population of around 500 residents. The town offers a glimpse into small-town life, characterized by friendly neighbors, local events, and outdoor activities. The surrounding landscape features rolling hills and plenty of open space, making it ideal for nature lovers and those seeking a slower pace of life. Wayne is also conveniently located near larger cities such as Ardmore, where residents can access more extensive amenities, shopping, and dining options. The town hosts the annual Wayne Bluegrass Festival, which attracts visitors and music enthusiasts from the region. In terms of education, Wayne has its school district that serves local children, and community engagement is high, with various events held throughout the year. Overall, Wayne presents a peaceful and welcoming environment, perfect for those looking to escape the hustle and bustle of city life.

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