Cost of Living in Payne County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Payne County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Payne County ranks #2,123 of 3,142 counties for affordability (bottom 32%)
Sourced county brief
Payne County official GRAPI estimated at 34.3%
The official median gross rent as a percentage of household income (GRAPI) in Payne County is 34.3%. This estimate is 7.7 percentage points higher than the Oklahoma unweighted county mean of 26.6%. The median gross rent for the county was $917 per month, which exceeds the state unweighted county mean of $839. Homeowners in Payne County faced median selected monthly owner costs of $1,098 across all owner-occupied units, while the state unweighted mean is $755. The median home value was recorded at $223,300, above the unweighted state average of $152,013. Renter-household median income for the area was $31,158. This report provides a data snapshot based on 2020-2024 ACS 5-year estimates and contains no predictions of future market conditions or relocation advice. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Payne County
Affordability Verdict
ACS B25071 estimates median gross rent at 34.3% of renter household income in Payne County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $917 per month; median selected monthly owner costs are $1,098. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $36,680 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Oklahoma unweighted mean of county median rents is $839 per month. Payne County's $917 median is 9.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Payne County
Rent Burden
22.1%
of gross income
Max Housing (28% Rule)
$1,162
per month
Owner Cost Burden
26.5%
of gross income
The median home in Payne County may be a stretch
Median home value is $223,300. Estimated monthly cost: $1,783 vs. your max of $1,162.
Rent Affordability Guide
Income Needed Calculator
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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 (2020-2024). Data is informational only and is not personalized financial advice.
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