c.1920 Two Bedroom Affordable Oklahoma Cottage $40K

21 W 3rd St, Carnegie, OK 73015   $40,000

• Contact Realtor: Michele Boger
• Google Map
• Niche

Pros

1. Low Cost of Living & Housing

   • The cost of living in Carnegie is ~24% lower than the U.S. average, and ~12% lower than Oklahoma’s average.

   • Housing is very affordable: median home values are well below state and national averages.

   • Rent is also lower. Two‑bedroom units are substantially cheaper than in many parts of the country.

2. Smaller, Tight‑Knit Community Feel

   • With a population of around 1,300‑1,600 people, Carnegie is small, which usually means less traffic, more familiarity among people, and possibly a slower pace of life.

   • Median age is relatively young (~33.8 years), so there seems to be a mix of families and younger adults.

3. Good Affordability Means More Value for Your Dollar

   • Because housing and general expenses are low, what you earn may go further here.

   • The area offers affordable property taxes.

4. Relative Safety vs. Some Comparisons

   • Some reports indicate Carnegie’s crime rates are lower than average for Oklahoma in certain categories.

   • Air and water quality are generally good.

5. Cultural / Ethnic Diversity

   • There is a noticeable Native American population plus Hispanic/Latino presence. Local racial diversity is higher than in many small rural towns in Oklahoma.

Cons

1. Limited Economic Opportunities

   • Median household income (~$42,900) is well below many state and U.S. averages.

   • Poverty rate is fairly high (~20–21%); quite a few residents are below the poverty line.

   • Employment diversity seems limited; many jobs are in service, sales, or blue‑collar sectors.

2. Population Decline / Small Size

   • The population has been declining or stagnant in recent years. That can mean fewer new businesses, services, or investment

   • Small towns often have fewer amenities — entertainment, shopping, specialized medical services, etc. For many things, you’ll likely have to travel.

3. Education & Skill Levels

   • The percentage of residents with higher education (bachelor’s degree or more) is relatively low.

   • Some school ratings / achievement data suggest challenges.

4. Limited Amenities & Infrastructure

   • Few amenities are easily accessible (shopping, entertainment, etc.), especially nearby.

   • Public transportation is essentially non‑existent. Commuting usually requires owning a car.

   • Healthcare access (especially more specialized services) may require driving some distance.

5. Crime Concerns in Some Areas / Trends

   • While some crime categories are lower than state average, there are data showing increases in property crime.

   • Some parts of town are safer than others; location within Carnegie matters.

6. Amenities Are Spread Out / Distance to Larger Cities

   • For many goods or services, you may have to travel farther than in a more urban area.

   • Distances to airports, big hospitals, etc., might be inconvenient depending on what you need. Some reports mention there is an airport in the 10‑50 mile range, but it depends which ones.