Medicine Park, OK
Population 344 · Oklahoma
About Medicine Park, OK
Medicine Park is a small community located in Oklahoma with a population of 344 residents according to the latest US Census Bureau American Community Survey data. The median household income is $106,750 per year, which is 42% above the national median of $75,149. The median age of 49 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 Medicine Park features a median home value of $326,800, which is 33% above the national median of $244,900. This positions Medicine Park in a moderately priced market relative to the rest of the country. Median monthly rent is $1,188, 2% above the national average of $1,163/month. Of the 265 total housing units, 88% are owner-occupied (144 units) and 12% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Medicine Park shows an unemployment rate of 3.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Medicine Park have an average one-way commute time of 31.8 minutes.
Education & Demographics
52.3% of Medicine Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.9% White, 4.1% Hispanic or Latino, 0.0% Black or African American, and 1.5% Asian residents, with 1.2% of the population being foreign-born.
How Medicine Park Ranks in Oklahoma
Cost of Living in Medicine Park, OK
Compared to national averages, Medicine Park has a median household income of $106,750 (42% above the national median of $75,149). Home values average $326,800, which is 33% above the national median. Monthly rent at $1,188 is 2% above the US average of $1,163. Within Oklahoma, Medicine Park's income is 89% above the state average of $56,382, and home values are 172% above the state median of $119,992.
Why Live in Medicine Park, OK?
Medicine Park offers a strong local economy with a median household income of $106,750, well above the national average, and a strong job market with an unemployment rate of just 3.2%, and a well-educated community where 52.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.7%, better than the national average.
Medicine Park has a population of 344 with a median age of 49 years. Compare Medicine Park with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Medicine Park
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ralston | 344 | $60,625 | $40,400 | Compare |
| Webbers Falls | 343 | $78,750 | $94,500 | Compare |
| Gans | 342 | $53,203 | $135,700 | Compare |
| Covington | 341 | $74,500 | $85,500 | Compare |
| Mountain Park | 347 | $27,083 | $35,000 | Compare |
| Cleo Springs | 351 | $43,571 | $88,500 | Compare |
| Sand Hill | 352 | $46,364 | $98,900 | Compare |
| Crowder | 354 | $54,191 | $117,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Medicine Park
What is the population of Medicine Park, OK?
The population of Medicine Park, OK is 344 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 Medicine Park?
The median household income in Medicine Park, OK is $106,750 per year, which is 42% above the national median of $75,149.
What is the median home value in Medicine Park?
The median home value in Medicine Park, OK is $326,800, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Medicine Park?
The median monthly rent in Medicine Park, OK is $1,188, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Medicine Park?
The unemployment rate in Medicine Park, OK is 3.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Medicine Park, OK a good place to live?
Medicine Park offers above-average incomes, a competitive housing market, and a strong job market. With a population of 344 and a median age of 49, the city appeals to established professionals and retirees.
How educated is Medicine Park, OK?
52.3% of residents in Medicine Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Medicine Park?
Key cost-of-living indicators for Medicine Park, OK: median home value is $326,800 (33% above national), median rent is $1,188/month, and median household income is $106,750. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Medicine Park?
The poverty rate in Medicine Park, OK is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Medicine Park, OK?
Medicine Park's population is 0.9% White, 4.1% Hispanic or Latino, 0.0% Black or African American, 1.5% Asian, and 0.0% two or more races. 1.2% of residents are foreign-born.