Cost of Living in Woodward County, Oklahoma
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Woodward County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Woodward County ranks #2,686 of 3,144 counties for affordability (bottom 15%)
Data Story
About Cost of Living in Woodward County, Oklahoma
Woodward stays slightly below national burden
Woodward County's rent-to-income ratio of 15.6% is below the implicit national standard, offering renters reasonable affordability. Though the median household income of $65,060 trails the national median of $74,755, housing costs remain proportionally manageable.
Well-positioned among Oklahoma counties
At 15.6%, Woodward County's rent-to-income ratio sits below Oklahoma's state average of 17.0%, ranking among the state's more affordable markets. The median rent of $847 is modestly above the state median of $814, but incomes and overall costs align favorably.
Woodward ties for regional affordability leadership
Woodward County's 15.6% rent-to-income ratio is second-best in the region, trailing only Washita (15.0%) and beating Washington (17.7%), Wagoner (16.1%), and Woods (19.1%). It offers a strong middle ground between Washita's rock-bottom costs and the more challenged markets.
Balanced costs for renters and buyers alike
Median gross rent is $847 monthly, while homeowners average $873—nearly identical affordability for both groups. With a median household income of $65,060 annually ($5,421 monthly), housing consumes roughly 15.6% of earnings, one of the better ratios in the region.
Woodward balances affordability with stability
Woodward County offers strong value for relocators seeking both affordability and stability, with median home values near $178,000 and competitive rent-to-income ratios. If Washita feels too remote or you prefer larger towns, Woodward delivers comparable affordability with likely better amenities and employment options.
Cost of Living Advisory: Woodward County
Affordability Verdict
Woodward County is affordable for renters, with a median gross rent of $847/month representing approximately 15.6% of median household income. The rent burden (GRAPI) stands at 22.0%.
Rent vs. Own
At $847/month rent versus $873/month in owner costs, renting is roughly $26/month cheaper — a 3% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,880/year. For owner costs at the 28% rule, the required income is roughly $37,414/year. With a median household income of $65,060, most households can comfortably afford rent here. Notably, 22.0% of renter households in Woodward County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Oklahoma, Woodward County is more affordable than Sequoyah County by roughly 6% ($847/mo vs $796/mo).
Affordability Calculator
See how your income compares to housing costs in Woodward County
Rent Burden
15.6%
of gross income
Max Housing (28% Rule)
$1,518
per month
Owner Cost Burden
16.1%
of gross income
You can likely afford the median home in Woodward County
Median home value is $178,000. Estimated monthly cost: $1,421 vs. your max of $1,518.
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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