Executive Financial Report: Lamar (74850)
Navigating the local economic landscape in Lamar (74850) reveals an average baseline monthly cost of living of approximately $3,045 for single individuals. This comprehensive benchmark reflects essential housing, food, tax, and healthcare commitments.
With typical rent and housing utilities averaging an affordable $561 per month—just 18% of baseline expenses—Lamar offers exceptionally competitive housing costs compared to wider metropolitan averages across Oklahoma.
Household earnings in Lamar generally align with basic living standards. With an area median family income of $52,499, local workers earn roughly 1.44x the baseline living cost ($36,536.73/year). While adequate, maintaining a comfortable safety net requires mindful budgeting.
On the expenditure side, groceries and essential nutrition require approximately $252 per month in Lamar. Direct tax liabilities consume an estimated $480 monthly (16% of total baseline expenses). Factoring local tax structures into annual compensation planning is highly recommended.
Overall, Lamar (74850) presents a distinct economic profile within Hughes. Whether you are relocating for career advancement or evaluating localized living expenses, utilizing our interactive tools below will help you tailor these baseline figures to your exact household composition and salary.