Faxon, OK
Population 72 · Oklahoma
About Faxon, OK
Faxon is a small community located in Oklahoma with a population of 72 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,438 per year, which is 18% above the national median of $75,149. The median age of 48 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Faxon features a median home value of $128,100, which is 48% below the national median of $244,900. This makes Faxon one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $533, 54% below the national average of $1,163/month. Of the 44 total housing units, 76% are owner-occupied (25 units) and 24% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Faxon shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 8.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Faxon have an average one-way commute time of 23.4 minutes.
Education & Demographics
15.8% of Faxon residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.8% White, 12.5% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Faxon Ranks in Oklahoma
Cost of Living in Faxon, OK
Compared to national averages, Faxon has a median household income of $88,438 (18% above the national median of $75,149). Home values average $128,100, which is 48% below the national median. Monthly rent at $533 is 54% below the US average of $1,163. Within Oklahoma, Faxon's income is 57% above the state average of $56,382, and home values are 7% above the state median of $119,992.
Why Live in Faxon, OK?
Faxon offers a strong local economy with a median household income of $88,438, well above the national average, and affordable housing with a median home value of $128,100, below the US average of $244,900, and rent that’s lower than the national average at $533/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 8.3%, better than the national average, and short commute times averaging just 23.4 minutes.
Faxon has a population of 72 with a median age of 48 years. Compare Faxon with other cities to see how it stacks up, or explore all cities in Oklahoma.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Faxon
What is the population of Faxon, OK?
The population of Faxon, OK is 72 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Oklahoma.
What is the median household income in Faxon?
The median household income in Faxon, OK is $88,438 per year, which is 18% above the national median of $75,149.
What is the median home value in Faxon?
The median home value in Faxon, OK is $128,100, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Faxon?
The median monthly rent in Faxon, OK is $533, which is 54% below the national average of $1,163/month.
What is the unemployment rate in Faxon?
The unemployment rate in Faxon, OK is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Faxon, OK a good place to live?
Faxon offers above-average incomes, affordable housing, and a strong job market. With a population of 72 and a median age of 48, the city appeals to established professionals and retirees.
How educated is Faxon, OK?
15.8% of residents in Faxon aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Faxon?
Key cost-of-living indicators for Faxon, OK: median home value is $128,100 (48% below national), median rent is $533/month, and median household income is $88,438. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Faxon?
The poverty rate in Faxon, OK is 8.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Faxon, OK?
Faxon's population is 2.8% White, 12.5% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.