Cost of Living in Latimer County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Latimer County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Latimer County ranks #123 of 3,142 counties for affordability (top 4%)
Sourced county brief
Latimer County Rent Burden Reaches 30.6% of Income
In Latimer County, the official ACS B25071 median gross rent as a percentage of household income was estimated at 30.6%. This value is 4.0 percentage points higher than the Oklahoma unweighted county mean of 26.6%. The median gross rent in the county is $646 per month, falling below the state unweighted mean of $839. For renter households, the median income was recorded at $26,156. Homeowners in the county have a median home value of $107,900, which is $44,113 below the state unweighted county mean of $152,013. Median selected monthly owner costs were reported at $558, compared to the state unweighted mean of $755. These metrics provide a standard assessment of the county's housing costs during the survey period. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Latimer County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.6% of renter household income in Latimer County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $646 per month; median selected monthly owner costs are $558. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $25,840 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Oklahoma unweighted mean of county median rents is $839 per month. Latimer County's $646 median is 23.0% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Latimer County
Rent Burden
18.7%
of gross income
Max Housing (28% Rule)
$966
per month
Owner Cost Burden
16.2%
of gross income
You can likely afford the median home in Latimer County
Median home value is $107,900. Estimated monthly cost: $861 vs. your max of $966.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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