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)
How Latimer County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Latimer County ranks #2,136 of 3,144 counties for affordability (bottom 32%)
Data Story
About Cost of Living in Latimer County, Oklahoma
Latimer County faces Oklahoma's worst affordability
Latimer County's 21.1% rent-to-income ratio is the highest in this entire comparison and far above Oklahoma's 17.0% state average, signaling a severe housing affordability crisis. With the lowest median household income of $41,048 paired with $720/month rent, Latimer residents experience the region's most strained housing-income relationship.
Latimer ranks as Oklahoma's affordability bottom
Latimer County's 21.1% rent-to-income ratio is the worst among Oklahoma's peer counties and exceeds the state average by 4.1 percentage points, reflecting acute affordability stress. At $720/month rent and $41,048 median income, Latimer demands a larger share of household earnings for shelter than any peer county.
Latimer's income-to-cost crisis vs. peers
Latimer County's $720 rent is moderate, but combined with the second-lowest median income at $41,048, it produces the highest rent-to-income ratio of any county in this group. Even owner costs of $535/month strain budgets, and the $103,300 median home value offers no affordability relief for purchase-ready families.
Latimer's housing consumes critical income
Latimer County renters earning $41,048 annually spend $720/month on rent, allocating 21.1% of gross income to housing—nearly double the recommended 10–12% benchmark. Homeowners paying $535/month still dedicate 15.6% of earnings to mortgages, leaving minimal income for essentials, savings, and emergency expenses.
Latimer County: only for supported relocations
Latimer County's housing crisis makes it viable only for retirees with pensions, workers with significant non-wage income, or those receiving housing assistance. If you're relocating for work, seriously consider Jefferson, Jackson, or Johnston County, where housing consumes 12–17% of income instead of Latimer's unsustainable 21%.
Cost of Living Advisory: Latimer County
Affordability Verdict
Housing in Latimer County is affordable. The median rent is $720/month against a median household income of $41,048, putting rent at 21.0% of income.
Rent vs. Own
At $720/month rent versus $535/month in owner costs, owning is roughly $185/month cheaper — a 26% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,800/year. For owner costs at the 28% rule, the required income is roughly $22,929/year. With a median household income of $41,048, most households can comfortably afford rent here. Notably, 30.0% of renter households in Latimer County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Le Flore County where rent averages $773/month, Latimer County is approximately 7% less expensive.
Affordability Calculator
See how your income compares to housing costs in Latimer County
Rent Burden
21.0%
of gross income
Max Housing (28% Rule)
$958
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Latimer County
Median home value is $103,300. Estimated monthly cost: $825 vs. your max of $958.
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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