States › Oklahoma › Woodward

Is Woodward, OK expensive to live in?

CheapRent takes 16 cents of every $1 people earn here.
🏠 Rent per month (2026)$78455% lower than U.S. average
💵 Families earn per year (2026)$58,738about $4,895/month · 33% lower than U.S. average
🔑 House price$157,80053% lower than U.S. average

Rent here is among the lowest 10% of all U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $31,360 a year. That is $15 an hour at a full-time job.

Is rent cheaper than other Oklahoma cities?

Yes. Rent here is cheaper than in most of Oklahoma. It is number 6 of 75 cities from cheapest to most expensive.

Woodward
$784
Weatherford
$948
Choctaw
$1,271
Elk City
$1,217
Okmulgee
$791
Guymon
$899
Guthrie
$1,054

How much do households earn in Woodward?

Under $25k
15.9%
$25k–50k
35.4%
$50k–100k
27.8%
$100k–150k
9.5%
$150k+
6.8%

Share of households by yearly income. 16.3% of households earn $100,000 or more.

Rent by apartment size in Woodward

SizeWoodwardU.S. average
1 bedroom$548$1,324
2 bedrooms$881$1,509
3 bedrooms$1,027$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Woodward overall?

Everyday prices in Oklahoma overall are 12% below the U.S. average (index 87.8, U.S. = 100).

Housing
63
Goods (food, clothes…)
94
Utilities
74
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Woodward, so the Oklahoma figure is shown.

Taxes and bills in Woodward

🏛️ Property tax$831a year · 0.53% of home value · U.S. $3,119
⚡ Electric bill$140a month (typical) · U.S. $156

Life in Woodward

Commute to work20.4 minU.S.: 26.4 min
College degree18.6%U.S.: 35.7%
Own their home64.7%U.S.: 65.2%
Below poverty line17.2%U.S.: 12.5%
Unemployment7.5%U.S.: 5.2%

Is it cheaper to rent or buy in Woodward?

Renting is cheaper right now: about $311 a month less.

Renting
$784
Owning
$1,095

Owning assumes a typical $157,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,780 for the down payment.

Frequently asked questions

What is the average rent in Woodward, OK?

Renting in Woodward costs a median of about $784 a month in 2026, including utilities. The Oklahoma median is $1,069.

How much do I need to make to live in Woodward?

To keep rent under 30% of income, you need about $31,360 a year, or $15 an hour at a full-time job.

Is Woodward cheap or expensive?

Woodward is rated Cheap: rent takes 16.0% of the typical household income of $58,738. It ranks 6th cheapest of 75 Oklahoma cities we track.

How much are property taxes in Woodward?

The median homeowner in Woodward pays $831 a year in property taxes, about 0.53% of the median home value.

Is Woodward more expensive than the national average?

Overall prices in Oklahoma are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Woodward?

The median home value in Woodward is $157,800, about 2.7 times the typical yearly household income.

11,882 people live in Woodward. Numbers are typical (middle) values.