Guymon, OK

Very Low · 65

Oklahoma · Population 12,596 · Updated March 2026

$981
Median Rent / Month
$57,051
Median Income
$171,800
Median Home Value
$1,022
Owner Costs / Month

Affordability

How far your income goes in Guymon

20.6%
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

$11,772
Annual Rent
$2,710
State Income Tax
$1,546
Property Tax (est.)

Cost of Living Overview

Guymon is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Guymon residents can expect to pay median rent of $981/month while earning a median household income of $57,051/year.

The median home value in Guymon, OK is $171,800, with typical monthly owner costs around $1,022 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.6% 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 Guymon.

Frequently Asked Questions

Common questions about living costs in Guymon

What is the cost of living in Guymon, OK?
The cost of living index in Guymon, OK is 65 (US average = 100). Median monthly rent is $981, median household income is $57,051/year, and the median home value is $171,800.
Is Guymon, OK affordable?
Yes, Guymon is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 20.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Guymon, OK?
The median gross rent in Guymon, OK is $981 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,772.
What is the median household income in Guymon?
The median household income in Guymon, OK is $57,051 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%.