Altus, OK

Very Low · 55

Oklahoma · Population 18,670 · Updated March 2026

$897
Median Rent / Month
$55,550
Median Income
$124,800
Median Home Value
$882
Owner Costs / Month

Affordability

How far your income goes in Altus

19.4%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oklahoma

State-level tax rates that affect your costs

4.75%
Income Tax (Top Rate)
4.5%
Sales Tax
0.9%
Property Tax Rate

Estimated Annual Costs

$10,764
Annual Rent
$2,639
State Income Tax
$1,123
Property Tax (est.)

Cost of Living Overview

Altus is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Altus residents can expect to pay median rent of $897/month while earning a median household income of $55,550/year.

The median home value in Altus, OK is $124,800, with typical monthly owner costs around $882 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oklahoma has a moderate income tax rate of 4.75%. Combined with a 4.5% sales tax rate and 0.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Altus.

Frequently Asked Questions

Common questions about living costs in Altus

What is the cost of living in Altus, OK?
The cost of living index in Altus, OK is 55 (US average = 100). Median monthly rent is $897, median household income is $55,550/year, and the median home value is $124,800.
Is Altus, OK affordable?
Yes, Altus is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 19.4%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Altus, OK?
The median gross rent in Altus, OK is $897 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,764.
What is the median household income in Altus?
The median household income in Altus, OK is $55,550 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oklahoma?
Oklahoma has a top income tax rate of 4.75%, a sales tax of 4.5%, and an effective property tax rate of 0.9%.