Cost of Living in Ellis County, Oklahoma

$728/mo
Median Monthly Rent
$122,500
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$728/mo
11% below state average
Median Home Value
$122,500
57% 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 Ellis County Compares

Median monthly rent comparison

Ellis County$728/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$728/mo
Median Gross Rent
$122,500
Median Home Value
$520/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Ellis County, Oklahoma

Ellis County: Oklahoma's rental bargain

Ellis County's 15.3% rent-to-income ratio sits well below national affordability concerns, signaling exceptional rental value for residents. With a median income of $56,992 and median rent of just $728 monthly, renters here enjoy sustainable housing costs comparable to the nation's most affordable regions.

Second-best affordability in Oklahoma

Ellis County ranks among Oklahoma's most affordable counties for renters, with a 15.3% rent-to-income ratio that beats the state average of 17.0% by more than one percentage point. Only a handful of Oklahoma counties match this level of rental accessibility.

The affordable sweet spot of the panhandle

Ellis County's $728 median rent is the second-lowest among these eight counties and ties with Cotton County ($742) for lowest rents, while maintaining strong affordability at 15.3%. Combined with a median home value of just $122,500, Ellis County offers exceptional value across both rental and ownership markets.

Homeowners enjoy rare affordability edge

Ellis County renters commit 15.3% of their $56,992 income to median rent of $728, while homeowners dedicate just 10.9% to monthly costs of $520. This exceptionally low owner burden—among the lowest nationally—makes homeownership accessible to workers at multiple income levels.

Ellis County welcomes cost-conscious relocators

Ellis County delivers the rare combination of low rents ($728), affordable ownership ($520/month), and modest home values ($122,500), making it ideal for any worker prioritizing cost of living. Whether renting or buying, housing will consume less of your paycheck here than almost anywhere in Oklahoma.

Affordability Calculator

See how your income compares to housing costs in Ellis County

$

Rent Burden

15.3%

of gross income

Max Housing (28% Rule)

$1,330

per month

Owner Cost Burden

10.9%

of gross income

You can likely afford the median home in Ellis County

Median home value is $122,500. Estimated monthly cost: $978 vs. your max of $1,330.

Rent Affordability Guide

Your rent-to-income ratio15.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Ellis County, Oklahoma?
Ellis County, Oklahoma has a median monthly rent of $728/mo and a median home value of $122,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Ellis County?
The median gross rent in Ellis County is $728/mo. This is 11% below state average for Oklahoma.
Is Ellis County affordable?
Ellis 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 Ellis County's rent compare to the state average?
Ellis County's median rent of $728/mo is 11% below state average of $814/mo for Oklahoma.
What is the median home value in Ellis County?
The median home value in Ellis County, Oklahoma is $122,500. This is 57% 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.