Key Economic Benchmarks
Median Household Income
$66,580$5,548 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Love County, OK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Love County, OK
Official FY2026 HUD Fair Market Rents for Love County, OK. 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 | $732 | $8,784 | $29,280 | 13.2% |
| 1-Bedroom Apartment | $880 | $10,560 | $35,200 | 15.9% |
| 2-Bedroom ApartmentBenchmark | $1,062 | $12,744 | $42,480 | 19.1% |
| 3-Bedroom Home | $1,273 | $15,276 | $50,920 | 22.9% |
| 4-Bedroom Home | $1,522 | $18,264 | $60,880 | 27.4% |
50/30/20 Living Budget in Love County, OK
Based on the local median household income of $66,580/year ($5,548/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 Love County, OK
What is the median household income in Love County, OK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Love County, OK is $66,580 per year (approximately $5,548 per month).
What is the average rent in Love County, OK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Love County, OK are $732 for a studio, $880 for 1 bedroom, $1,062 for 2 bedrooms, $1,273 for 3 bedrooms, and $1,522 for 4 bedrooms.
How does the cost of living in Love County, OK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Love County, OK is 87.8 (12.2% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Love County, OK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,062/month) in Love County, OK requires a minimum gross household income of $42,480 per year ($3,540 per month).
What is a balanced 50/30/20 monthly budget in Love County, OK?
For a typical household earning the median income of $66,580/year ($5,548/month) in Love County, OK, a balanced 50/30/20 budget allocates $2,774/month to essential needs (rent, utilities, groceries), $1,664/month to discretionary spending, and $1,110/month to savings and debt repayment.
What are typical electricity and utility costs in Love 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.