El Reno, OK

Very Low · 59

Oklahoma · Population 17,919 · Updated March 2026

$904
Median Rent / Month
$54,459
Median Income
$157,000
Median Home Value
$886
Owner Costs / Month

Affordability

How far your income goes in El Reno

19.9%
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

$10,848
Annual Rent
$2,587
State Income Tax
$1,413
Property Tax (est.)

Cost of Living Overview

El Reno is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 59 (where 100 equals the national median), El Reno residents can expect to pay median rent of $904/month while earning a median household income of $54,459/year.

The median home value in El Reno, OK is $157,000, with typical monthly owner costs around $886 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.9% 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 El Reno.

Frequently Asked Questions

Common questions about living costs in El Reno

What is the cost of living in El Reno, OK?
The cost of living index in El Reno, OK is 59 (US average = 100). Median monthly rent is $904, median household income is $54,459/year, and the median home value is $157,000.
Is El Reno, OK affordable?
Yes, El Reno is more affordable than the national average with a cost index of 59. The rent-to-income ratio is 19.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in El Reno, OK?
The median gross rent in El Reno, OK is $904 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,848.
What is the median household income in El Reno?
The median household income in El Reno, OK is $54,459 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%.