Affordable

What Salary Do You Need to Live in Locust Grove?

To afford a 2-bedroom in Locust Grove, you need to earn at least $32,240/year based on estimated fair market rent data. The median household income here is $41,313, which means the typical resident is $9,073 above the threshold.

Census ACS Data Pop. 1,424

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$564	$1,880	$22,560	$-18,753
1 Bedroom	$669	$2,230	$26,760	$-14,553
2 Bedroom BENCHMARK	$806	$2,687	$32,240	$-9,073
3 Bedroom	$983	$3,277	$39,320	$-1,993
4 Bedroom	$1,209	$4,030	$48,360	+$7,047

Affordability Breakdown

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

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$41,313

Annual household

2BR Required Salary

$32,240

Under 30% rule

Income Gap

+$9,073

Surplus

Verdict

Affordable

Ratio: 23.4%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Locust Grove

Your Annual Salary

Pre-filled with Locust Grove's median household income

Max monthly rent you can afford$1,033

Studio

$564/mo

1 BR

$669/mo

2 BR

$806/mo

3 BR

$983/mo

4 BR

$1,209/mo

Your salary is $0 above the median income in Locust Grove.

Salary Comparison by Bedroom

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

Affordable Above Median Median Income

What This Means If You're Moving to Locust Grove

Living in Locust Grove is well within reach for most median-income earners. With a $9,073 cushion between what residents earn and what a 2-bedroom requires, households in Locust Grove typically have meaningful financial flexibility after housing costs.

For remote workers or relocators evaluating Locust Grove, a studio at $564/month offers an even more aggressive savings rate. Even a 3-bedroom at $983/month remains accessible for dual-income households earning above $39,320.

To live comfortably with room for non-housing expenses, a break-even salary of approximately $48,360 would position you well — though many residents in Locust Grove manage on less given the favorable rent-to-income dynamics.

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 Locust Grove, Oklahoma.

With a total population of 1,424, the city supports an active civilian workforce of 611 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $32,240 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

611

Active civilian employees in Locust Grove

Frequently Asked Questions About Renting in Locust Grove

What salary do I need to live in Locust Grove, Oklahoma?

To afford a 2-bedroom in Locust Grove under the 30% rule, you need an annual salary of at least $32,240. The median household income in Locust Grove is $41,313.

Can I afford a 2-bedroom in Locust Grove on $41,313?

The affordability verdict for Locust Grove is "Affordable". The rent-to-income ratio is 23.4%, meaning median earners have a $9,073 surplus.

What is the average rent in Locust Grove compared to median income?

The median gross rent in Locust Grove is $669/month. With a median household income of $41,313, residents spend approximately 23.4% of their income on rent.

What salary do I need for a studio in Locust Grove?

A studio in Locust Grove rents for approximately $564/month. Under the 30% rule, you need an annual salary of $22,560 to afford this.

Is Locust Grove considered an affordable place to live?

Based on the surplus of $9,073 and an affordability verdict of "Affordable", Locust Grove is considered a affordable rental market when comparing the required 2-bedroom salary of $32,240 to the local median household income.

How Locust Grove Compares

Other cities in Oklahoma with salary requirements