Cost of Living in Love County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Love County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Love County ranks #2,173 of 3,144 counties for affordability (bottom 31%)
Data Story
About Cost of Living in Love County, Oklahoma
Love County renters strain under national norm
At 17.2%, Love County's rent-to-income ratio exceeds the national threshold for affordability, signaling that renters here spend a larger share of income on housing than the typical American household. The median income of $62,940 falls short of the national median by $11,815, compounding affordability pressure.
Slightly above Oklahoma's median burden
Love County's rent-to-income ratio of 17.2% edges slightly above Oklahoma's state average of 17.0%, and rent at $903 exceeds the state median by $89. The county sits near the middle of the state's affordability spectrum—neither the most nor least stretched.
The region's priciest rents, modest incomes
Love County's rent of $903 is the highest among its neighbors, including Logan ($895), Lincoln ($760), and Major ($619). Combined with a median income of $62,940, renters here face tighter housing budgets than in surrounding counties.
Renters bear greater burden than owners
Renters spend 17.2% of income on rent ($903), significantly more than homeowners who dedicate 14.1% to mortgage ($741). The disparity reflects higher rental costs and lower owner costs, creating unequal housing stress by tenure type.
Renters should consider owning in Love County
If you're relocating to Love County, the data suggests homeownership offers better value than renting—monthly mortgages ($741) are nearly $160 cheaper than rent while building equity. Compare it to lower-cost counties like Major if rental affordability is your priority.
Cost of Living Advisory: Love County
Affordability Verdict
Love County offers affordable rental housing at a median of $903/month — about 17.2% of the typical household income here.
Rent vs. Own
At $903/month rent versus $741/month in owner costs, owning is roughly $162/month cheaper — a 18% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,120/year. For owner costs at the 28% rule, the required income is roughly $31,757/year. With a median household income of $62,940, most households can comfortably afford rent here. Notably, 24.0% of renter households in Love County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Oklahoma, Love County is more affordable than Woodward County by roughly 7% ($903/mo vs $847/mo).
Affordability Calculator
See how your income compares to housing costs in Love County
Rent Burden
17.2%
of gross income
Max Housing (28% Rule)
$1,469
per month
Owner Cost Burden
14.1%
of gross income
You can likely afford the median home in Love County
Median home value is $167,500. Estimated monthly cost: $1,337 vs. your max of $1,469.
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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