Manageable

What Salary Do You Need to Live in Davenport?

To afford a 2-bedroom in Davenport, you need to earn at least $40,440/year based on estimated fair market rent data. The median household income here is $47,054, which means the typical resident is $6,614 above the threshold.

Census ACS Data Pop. 686

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$708	$2,360	$28,320	$-18,734
1 Bedroom	$839	$2,797	$33,560	$-13,494
2 Bedroom BENCHMARK	$1,011	$3,370	$40,440	$-6,614
3 Bedroom	$1,233	$4,110	$49,320	+$2,266
4 Bedroom	$1,517	$5,057	$60,680	+$13,626

Affordability Breakdown

Where the required salary line crosses above Davenport's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$47,054

Annual household

2BR Required Salary

$40,440

Under 30% rule

Income Gap

+$6,614

Surplus

Verdict

Manageable

Ratio: 25.8%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Davenport

Your Annual Salary

Pre-filled with Davenport's median household income

Max monthly rent you can afford$1,176

Studio

$708/mo

1 BR

$839/mo

2 BR

$1,011/mo

3 BR

$1,233/mo

4 BR

$1,517/mo

Your salary is $0 above the median income in Davenport.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Davenport's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Davenport

Renting in Davenport, Oklahoma is doable for median earners, but tight. A 2-bedroom requires roughly $40,440/year under the 30% rule, and with a median income of $47,054, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($839/month) or studio ($708/month) materially improves the math. For those needing more space, a 3-bedroom in Davenport pushes the required income to $49,320.

For comfortable living in Davenport without financial stress, target a household income of at least $60,660 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Oklahoma's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Davenport, Oklahoma.

With a total population of 686, the city supports an active civilian workforce of 276 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,440 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

276

Active civilian employees in Davenport

Frequently Asked Questions About Renting in Davenport

What salary do I need to live in Davenport, Oklahoma?

To afford a 2-bedroom in Davenport under the 30% rule, you need an annual salary of at least $40,440. The median household income in Davenport is $47,054.

Can I afford a 2-bedroom in Davenport on $47,054?

The affordability verdict for Davenport is "Manageable". The rent-to-income ratio is 25.8%, meaning median earners have a $6,614 surplus.

What is the average rent in Davenport compared to median income?

The median gross rent in Davenport is $839/month. With a median household income of $47,054, residents spend approximately 25.8% of their income on rent.

What salary do I need for a studio in Davenport?

A studio in Davenport rents for approximately $708/month. Under the 30% rule, you need an annual salary of $28,320 to afford this.

Is Davenport considered an affordable place to live?

Based on the surplus of $6,614 and an affordability verdict of "Manageable", Davenport is considered a manageable rental market when comparing the required 2-bedroom salary of $40,440 to the local median household income.

How Davenport Compares

Other cities in Oklahoma with salary requirements