Key Economic Benchmarks
Median Household Income
$49,809$4,151 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Payne County, OK
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Payne County, OK
Official FY2026 HUD Fair Market Rents for Payne 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 | $784 | $9,408 | $31,360 | 18.9% |
| 1-Bedroom Apartment | $847 | $10,164 | $33,880 | 20.4% |
| 2-Bedroom ApartmentBenchmark | $1,035 | $12,420 | $41,400 | 24.9% |
| 3-Bedroom Home | $1,439 | $17,268 | $57,560 | 34.7% |
| 4-Bedroom Home | $1,568 | $18,816 | $62,720 | 37.8% |
50/30/20 Living Budget in Payne County, OK
Based on the local median household income of $49,809/year ($4,151/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 Payne County, OK
What is the median household income in Payne County, OK?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Payne County, OK is $49,809 per year (approximately $4,151 per month).
What is the average rent in Payne County, OK?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Payne County, OK are $784 for a studio, $847 for 1 bedroom, $1,035 for 2 bedrooms, $1,439 for 3 bedrooms, and $1,568 for 4 bedrooms.
How does the cost of living in Payne County, OK compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Payne 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 Payne County, OK?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,035/month) in Payne County, OK requires a minimum gross household income of $41,400 per year ($3,450 per month).
What is a balanced 50/30/20 monthly budget in Payne County, OK?
For a typical household earning the median income of $49,809/year ($4,151/month) in Payne County, OK, a balanced 50/30/20 budget allocates $2,075/month to essential needs (rent, utilities, groceries), $1,245/month to discretionary spending, and $830/month to savings and debt repayment.
What are typical electricity and utility costs in Payne 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.