Cost of Living in Payne County, Oklahoma

$922/mo
Median Monthly Rent
$217,700
Median Home Value
13% above state averageUnaffordable

At a Glance

Median Monthly Rent
$922/mo
13% above state average
Median Home Value
$217,700
23% below national
Rent-to-Income Ratio
34.0%
% 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 Payne County Compares

Median monthly rent comparison

Payne County$922/mo
Oklahoma Average$814/mo
National Median$1,163/mo

Detailed Housing Stats

$922/mo
Median Gross Rent
$217,700
Median Home Value
$1,035/mo
Monthly Owner Cost
34.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Payne County, Oklahoma

Payne County faces significant affordability strain

Payne County renters spend 22.6% of household income on rent—well above the 15% affordability benchmark and among the most strained in these counties. The median household income of $48,937 sits 35% below the national average, making rental costs genuinely burdensome for typical families.

Oklahoma's least affordable rental market

Payne County's 22.6% rent-to-income ratio dramatically exceeds Oklahoma's 17.0% state average, marking it as the state's least-affordable county in this analysis. The combination of the highest median rents ($922/month) and lowest incomes creates the region's most severe housing affordability crisis.

Highest rents, lowest incomes

Payne County's $922 median rent surpasses all peer counties while its $48,937 household income ties for the lowest, creating a perfect affordability storm. Renters here pay roughly $100-150 more monthly than neighbors in Osage, Ottawa, or Pontotoc counties.

Renters squeezed hardest in Payne

Renters spend $922 monthly (22.6% of income) while homeowners pay $1,035—the only county where mortgages exceed rents. The median home value of $217,700 is highest in this group, suggesting college-town demand (Stillwater) inflates prices beyond local incomes.

Payne County carries real affordability risks

If relocating to Payne County, carefully assess whether your income exceeds the $48,937 median; renters here face cost-burden pressures not seen in neighboring counties. College-town dynamics in Stillwater drive higher home values, so weigh whether local job prospects justify the housing premium.

Affordability Calculator

See how your income compares to housing costs in Payne County

$

Rent Burden

22.6%

of gross income

Max Housing (28% Rule)

$1,142

per month

Owner Cost Burden

25.4%

of gross income

The median home in Payne County may be a stretch

Median home value is $217,700. Estimated monthly cost: $1,738 vs. your max of $1,142.

Rent Affordability Guide

Your rent-to-income ratio22.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Payne County, Oklahoma?
Payne County, Oklahoma has a median monthly rent of $922/mo and a median home value of $217,700. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.
What is the median rent in Payne County?
The median gross rent in Payne County is $922/mo. This is 13% above state average for Oklahoma.
Is Payne County affordable?
Payne County is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Payne County's rent compare to the state average?
Payne County's median rent of $922/mo is 13% above state average of $814/mo for Oklahoma.
What is the median home value in Payne County?
The median home value in Payne County, Oklahoma is $217,700. This is 23% 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.