Cost of Living in Carter County, Oklahoma

$945/mo
Median Monthly Rent
$153,500
Median Home Value
16% above state averageUnaffordable

At a Glance

Median Monthly Rent
$945/mo
16% above state average
Median Home Value
$153,500
46% below national
Rent-to-Income Ratio
24.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Carter County Compares

Median monthly rent comparison

Carter County$945/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$945/mo
Median Gross Rent
$153,500
Median Home Value
$733/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Carter County, Oklahoma

Carter County renters strain slightly above average

At 19.3%, Carter County's rent-to-income ratio exceeds the national affordability standard, meaning renters here dedicate nearly one-fifth of income to housing. The county's median household income of $58,856 lags the national average of $74,755, compressing room in family budgets.

Among Oklahoma's least affordable for renters

Carter County's 19.3% rent-to-income ratio ranks above Oklahoma's 17.0% state average, placing it in the less affordable half of the state's counties. Renters here face tighter affordability than most of their state neighbors.

Competitive rents in a tight regional market

At $945 monthly, Carter County rents sit between Choctaw County ($676) and Canadian County ($1,208), offering a middle option for renters in the region. However, Carter's lower median income ($58,856) makes these rents proportionally more burdensome than in wealthier neighboring areas.

Renters squeezed more than homeowners here

Renters spend $945 monthly while homeowners pay $733, a reversal that reflects lower home values ($153,500) and an unusual affordability pattern where renting costs more than owning. Both consume meaningful portions of the $58,856 median income, limiting discretionary spending.

Carter County: lower costs, but budget carefully

Job seekers considering relocation should note that while rents are moderate, Carter County's income levels mean housing costs take a larger bite than state or national norms. Compare opportunities carefully against higher-income counties like Canadian if housing affordability is your priority.

Affordability Calculator

See how your income compares to housing costs in Carter County

$

Rent Burden

19.3%

of gross income

Max Housing (28% Rule)

$1,373

per month

Owner Cost Burden

14.9%

of gross income

You can likely afford the median home in Carter County

Median home value is $153,500. Estimated monthly cost: $1,225 vs. your max of $1,373.

Rent Affordability Guide

Your rent-to-income ratio19.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Carter County, Oklahoma?
Carter County, Oklahoma has a median monthly rent of $945/mo and a median home value of $153,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Carter County?
The median gross rent in Carter County is $945/mo. This is 16% above state average for Oklahoma.
Is Carter County affordable?
Carter County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Carter County's rent compare to the state average?
Carter County's median rent of $945/mo is 16% above state average of $814/mo for Oklahoma.
What is the median home value in Carter County?
The median home value in Carter County, Oklahoma is $153,500. This is 46% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.