Cost of Living in Love County, Oklahoma

$903/mo
Median Monthly Rent
$167,500
Median Home Value
11% above state averageUnaffordable

At a Glance

Median Monthly Rent
$903/mo
11% above state average
Median Home Value
$167,500
41% below national
Rent-to-Income Ratio
24.0%
% 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 Love County Compares

Median monthly rent comparison

Love County$903/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$903/mo
Median Gross Rent
$167,500
Median Home Value
$741/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio17.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Love County, Oklahoma?
Love County, Oklahoma has a median monthly rent of $903/mo and a median home value of $167,500. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Love County?
The median gross rent in Love County is $903/mo. This is 11% above state average for Oklahoma.
Is Love County affordable?
Love County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Love County's rent compare to the state average?
Love County's median rent of $903/mo is 11% above state average of $814/mo for Oklahoma.
What is the median home value in Love County?
The median home value in Love County, Oklahoma is $167,500. This is 41% 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.