Key Economic Benchmarks
Median Household Income
$58,425$4,869 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Cotton County, OK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Cotton County, OK
Official FY2026 HUD Fair Market Rents for Cotton County, OK HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $728 | $8,736 | $29,120 | 15% |
| 1-Bedroom Apartment | $733 | $8,796 | $29,320 | 15.1% |
| 2-Bedroom ApartmentBenchmark | $962 | $11,544 | $38,480 | 19.8% |
| 3-Bedroom Home | $1,153 | $13,836 | $46,120 | 23.7% |
| 4-Bedroom Home | $1,614 | $19,368 | $64,560 | 33.2% |
50/30/20 Living Budget in Cotton County, OK
Based on the local median household income of $58,425/year ($4,869/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in Oklahoma
Explore net income after federal income tax, FICA, and Oklahoma state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across Oklahoma with official federal datasets:
Frequently Asked Questions About Living in Cotton County, OK
What is the median household income in Cotton County, OK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Cotton County, OK is $58,425 per year (approximately $4,869 per month).
What is the average rent in Cotton County, OK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Cotton County, OK are $728 for a studio, $733 for 1 bedroom, $962 for 2 bedrooms, $1,153 for 3 bedrooms, and $1,614 for 4 bedrooms.
How does the cost of living in Cotton County, OK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Cotton County, OK is 85.9 (14.1% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Cotton County, OK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($962/month) in Cotton County, OK requires a minimum gross household income of $38,480 per year ($3,207 per month).
What is a balanced 50/30/20 monthly budget in Cotton County, OK?
For a typical household earning the median income of $58,425/year ($4,869/month) in Cotton County, OK, a balanced 50/30/20 budget allocates $2,434/month to essential needs (rent, utilities, groceries), $1,461/month to discretionary spending, and $974/month to savings and debt repayment.
What are typical electricity and utility costs in Cotton County, OK?
Residential electricity rates in Oklahoma average 14.3¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $129 per month.