Income needed to buy a home
Cotton County, OK
$36,565
a year in household income to buy the typical Cotton County home with 10% down.
The monthly math
Typical home value$110,162
Down payment (10%)$11,016
Loan$99,146
Principal and interest (7.40%)$686/mo
Property tax (0.77% a year)$70/mo
Homeowners insurance (estimate)$55/mo
Mortgage insurance$41/mo
Total monthly cost$853/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Comfortable
The typical household here earns $58,425 a year, 60% more than it takes.
In Oklahoma
Cotton County ranks #13 of 77 for the income a home takes, from least to most.
Easiest to afford in Oklahoma
| County | Typical home | Income needed |
|---|---|---|
| Tillman County | $57,791 | $18,955 |
| Harmon County | $60,375 | $19,889 |
| Kiowa County | $74,716 | $24,391 |
| Cimarron County | $76,566 | $24,727 |
| Harper County | $75,609 | $24,915 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.