Cost of Living in Latimer County, Oklahoma

$720/mo
Median Monthly Rent
$103,300
Median Home Value
12% below state averageUnaffordable

At a Glance

Median Monthly Rent
$720/mo
12% below state average
Median Home Value
$103,300
63% below national
Rent-to-Income Ratio
30.0%
% 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 Latimer County Compares

Median monthly rent comparison

Latimer County$720/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$720/mo
Median Gross Rent
$103,300
Median Home Value
$535/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

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%.

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

Your rent-to-income ratio21.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Latimer County, Oklahoma?
Latimer County, Oklahoma has a median monthly rent of $720/mo and a median home value of $103,300. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Latimer County?
The median gross rent in Latimer County is $720/mo. This is 12% below state average for Oklahoma.
Is Latimer County affordable?
Latimer County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Latimer County's rent compare to the state average?
Latimer County's median rent of $720/mo is 12% below state average of $814/mo for Oklahoma.
What is the median home value in Latimer County?
The median home value in Latimer County, Oklahoma is $103,300. This is 63% 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.