Cost of Living in Dewey County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Dewey County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Dewey County ranks #1,694 of 3,144 counties for affordability (bottom 46%)
Data Story
About Cost of Living in Dewey County, Oklahoma
Dewey County rents near national norms
Dewey County's 17.8% rent-to-income ratio hovers just below national affordability thresholds, indicating sustainable but notable housing cost burdens. Residents with a median income of $60,550 allocate 17.8% to median rent of $900—a manageable share that reflects moderate regional pressures.
Slightly above Oklahoma's rental average
Dewey County's 17.8% rent-to-income ratio edges above Oklahoma's 17.0% state average, placing it in the middle tier for county affordability. While not dramatically worse than state norms, this modest gap reflects slightly elevated rents relative to comparable Oklahoma communities.
Second-highest rents in the region
Dewey County's $900 median rent ranks second-highest among these eight counties, trailing only Creek County's $910, yet its 17.8% rent-to-income burden remains reasonable due to a relatively healthy median income. Homebuyers benefit from a low median value of $118,200, the second-lowest in the group.
Clear advantage for homeowners here
Dewey County renters dedicate 17.8% of their $60,550 income to median rent of $900, while homeowners commit only 12.4% to median monthly costs of $624. This 5.4-percentage-point gap makes homeownership dramatically more affordable and suggests strong incentives for resident retention through owner-occupied housing.
Dewey County: Buy low, save big
Relocators to Dewey County should prioritize homeownership—at $118,200 median value and $624 monthly costs, buying delivers exceptional affordability compared to rents at $900. The county's combination of high rents and low home values creates an unusual opportunity for owner-occupants to build equity quickly.
Cost of Living Advisory: Dewey County
Affordability Verdict
Housing in Dewey County is affordable. The median rent is $900/month against a median household income of $60,550, putting rent at 17.8% of income.
Rent vs. Own
Renters in Dewey County pay $900/month on average, compared to $624/month for homeowners. This market favors buyers by about 31%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,000/year. For owner costs at the 28% rule, the required income is roughly $26,743/year. With a median household income of $60,550, most households can comfortably afford rent here. Notably, 22.0% of renter households in Dewey County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Woodward County where rent averages $847/month, Dewey County is approximately 6% more expensive.
Affordability Calculator
See how your income compares to housing costs in Dewey County
Rent Burden
17.8%
of gross income
Max Housing (28% Rule)
$1,413
per month
Owner Cost Burden
12.4%
of gross income
You can likely afford the median home in Dewey County
Median home value is $118,200. Estimated monthly cost: $944 vs. your max of $1,413.
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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