Cost of Living in Craig County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Craig County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Craig County ranks #2,592 of 3,144 counties for affordability (bottom 18%)
Data Story
About Cost of Living in Craig County, Oklahoma
Craig County rent bites harder
Craig County's 19.8% rent-to-income ratio signals tighter housing affordability compared to national standards, where 28% is the typical ceiling for sustainable rent burdens. Residents earning a median of $50,182 pay $826 monthly in rent—a squeeze that reflects lower regional incomes paired with higher costs.
Above-average rent pressure in Oklahoma
Craig County's 19.8% rent-to-income ratio exceeds Oklahoma's 17.0% state average, placing it among the less affordable counties for renters in the state. For a county with below-average household income, this affordability gap warrants attention from policy makers and prospective residents alike.
Rents climb in the northeastern corner
Craig County's $826 rent is the second-highest in this regional grouping, edging Creek County ($910) but outpacing Cotton County ($742) and Ellis County ($728). Despite these higher rents, median home values ($132,900) remain competitive for buyers seeking rural Oklahoma property.
Renters shoulder a heavier load
Craig County renters spend nearly 20% of their $50,182 income on a median rent of $826, while homeowners commit roughly 15.1% to monthly ownership costs of $630. The gap between renter and owner burden highlights why homeownership becomes increasingly attractive as residents age and build equity.
Craig County: Plan wisely before moving
If you're considering Craig County, prioritize homeownership over renting to maximize affordability—median owner costs are significantly lower than rents. Prospective residents should compare this county's $50,182 median income against their own earning power, as housing affordability here depends heavily on job prospects.
Cost of Living Advisory: Craig County
Affordability Verdict
Craig County is affordable for renters, with a median gross rent of $826/month representing approximately 19.8% of median household income. The rent burden (GRAPI) stands at 26.0%.
Rent vs. Own
Renters in Craig County pay $826/month on average, compared to $630/month for homeowners. This market favors buyers by about 24%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,040/year. For owner costs at the 28% rule, the required income is roughly $27,000/year. With a median household income of $50,182, most households can comfortably afford rent here. Notably, 26.0% of renter households in Craig County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Craig County sits 7% more expensive than Washita County ($775/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Craig County
Rent Burden
19.8%
of gross income
Max Housing (28% Rule)
$1,171
per month
Owner Cost Burden
15.1%
of gross income
You can likely afford the median home in Craig County
Median home value is $132,900. Estimated monthly cost: $1,061 vs. your max of $1,171.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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