Cost of Living in Craig County, Oklahoma

$826/mo
Median Monthly Rent
$132,900
Median Home Value
1% above state averageUnaffordable

At a Glance

Median Monthly Rent
$826/mo
1% above state average
Median Home Value
$132,900
53% below national
Rent-to-Income Ratio
26.0%
% 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 Craig County Compares

Median monthly rent comparison

Craig County$826/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$826/mo
Median Gross Rent
$132,900
Median Home Value
$630/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio19.8%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Craig County, Oklahoma?
Craig County, Oklahoma has a median monthly rent of $826/mo and a median home value of $132,900. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Craig County?
The median gross rent in Craig County is $826/mo. This is 1% above state average for Oklahoma.
Is Craig County affordable?
Craig County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Craig County's rent compare to the state average?
Craig County's median rent of $826/mo is 1% above state average of $814/mo for Oklahoma.
What is the median home value in Craig County?
The median home value in Craig County, Oklahoma is $132,900. This is 53% 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.