Cost of Living in Harmon County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Harmon County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Harmon County ranks #1,149 of 3,144 counties for affordability (top 37%)
Data Story
About Cost of Living in Harmon County, Oklahoma
Harmon rents below national average burden
Harmon County's rent-to-income ratio of 14.7% sits comfortably below the national average of 17.0%, offering meaningful relief for renters. The median household income of $54,286 falls notably short of the national median of $74,755, yet the county's modest $663 monthly rent helps offset this income disadvantage.
Below-average rent burden statewide
Harmon County's 14.7% rent-to-income ratio beats Oklahoma's state average of 17.0%, and its median rent of $663 undercuts the state average of $814 by $151. This favorable comparison positions Harmon among Oklahoma's more affordable rental markets despite lower local incomes.
Competitive rents, lower incomes
Harmon County's $663 rent is the second-lowest in its region, trailing only Greer County's $624, while its $54,286 income ranks among the lower end of neighboring counties. The strong rent advantage partially compensates for limited income growth opportunities in the area.
Ownership costs match rental burden
Harmon County renters pay $663 monthly (14.7% of income), while homeowners allocate $533 monthly (11.8% of income) on median home values of $75,700. The modest home prices and low ownership costs make purchasing particularly attractive for those able to secure financing.
Harmon suits cost-minimizers and first-buyers
If affordability is your north star, Harmon County delivers low rents and even lower ownership costs, though income growth may be limited. Remote workers and retirees will find this county's $663 rent and affordable home values create substantial savings compared to national averages.
Cost of Living Advisory: Harmon County
Affordability Verdict
Harmon County is affordable for renters, with a median gross rent of $663/month representing approximately 14.7% of median household income. The rent burden (GRAPI) stands at 20.0%.
Rent vs. Own
At $663/month rent versus $533/month in owner costs, owning is roughly $130/month cheaper — a 20% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,520/year. For owner costs at the 28% rule, the required income is roughly $22,843/year. With a median household income of $54,286, most households can comfortably afford rent here. Notably, 20.0% of renter households in Harmon County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Harmon County sits 7% less expensive than Caddo County ($715/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Harmon County
Rent Burden
14.7%
of gross income
Max Housing (28% Rule)
$1,267
per month
Owner Cost Burden
11.8%
of gross income
You can likely afford the median home in Harmon County
Median home value is $75,700. Estimated monthly cost: $604 vs. your max of $1,267.
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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