Choctaw, OK

Below Avg · 82

Oklahoma · Population 12,208 · Updated March 2026

$1,192
Median Rent / Month
$96,446
Median Income
$223,900
Median Home Value
$1,339
Owner Costs / Month

Affordability

How far your income goes in Choctaw

14.8%
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

$14,304
Annual Rent
$4,581
State Income Tax
$2,015
Property Tax (est.)

Cost of Living Overview

Choctaw is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 82 (where 100 equals the national median), Choctaw residents can expect to pay median rent of $1,192/month while earning a median household income of $96,446/year.

The median home value in Choctaw, OK is $223,900, with typical monthly owner costs around $1,339 including mortgage, insurance, and taxes. The median rent-to-income ratio of 14.8% 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 Choctaw.

Frequently Asked Questions

Common questions about living costs in Choctaw

What is the cost of living in Choctaw, OK?
The cost of living index in Choctaw, OK is 82 (US average = 100). Median monthly rent is $1,192, median household income is $96,446/year, and the median home value is $223,900.
Is Choctaw, OK affordable?
Yes, Choctaw is more affordable than the national average with a cost index of 82. The rent-to-income ratio is 14.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Choctaw, OK?
The median gross rent in Choctaw, OK is $1,192 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,304.
What is the median household income in Choctaw?
The median household income in Choctaw, OK is $96,446 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%.