Living in Goodwell, Oklahoma
Cost of living, income, home prices, rent and demographics of Goodwell · Census data 2020–2024
Goodwell has 1,122 residents with a median age of 22.8. The median household income is $88,424 (36% higher than the Oklahoma median), the median home value is $127,700, the median rent is $820/month.
Goodwell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Goodwell at a glance
- Population
- 1,122
- Median age
- 22.8State: 37
- Median household income
- $88,424State: $65,039
- Median home value
- $127,700State: $199,800
- Median rent
- $820/moState: $1,014
- Homeowners
- 59.1%
- Bachelor's degree or higher
- 37.1%
- Average commute
- 23 min
Is Goodwell a good place to live?
Pros: Median household income 36% higher than the Oklahoma median; home values 36% lower than the state median; a poverty rate of 5.9%.
Cons: An average commute of 23 minutes; unemployment of 6.1%.
The weather is best in April–May and September–October.
Cost of living in Goodwell
Housing is the biggest part of the cost of living. In Goodwell the median home value is $127,700, 62% lower than the U.S. median. Renters pay a median of $820 per month, which is 14.4% of household income. Homeowners with a mortgage pay $1,554 a month in housing costs.
Goodwell median household income
The median household income in Goodwell is $88,424 and the income per person is $27,655. 5.9% of residents live below the poverty line (Oklahoma: 15.3%).
Housing in Goodwell: homes for sale and rent
- Housing units
- 412
- Owner-occupied
- 59.1%
- Renter-occupied
- 40.9%
- Vacant
- 34.7%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 3.12
34.7% of homes are vacant most of the year, a sign that Goodwell has many vacation and second homes.
Goodwell demographics
- Population
- 1,122
- Median age
- 22.8
- Under 18
- 19.6%
- 65 and older
- 8.2%
- Households
- 269
- Foreign-born
- 12.4%
- Veterans
- 3.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Goodwell ›
Education in Goodwell
37.1% of adults 25 and older in Goodwell have a bachelor's degree or higher (Oklahoma: 28.3%), and 11.5% have a graduate or professional degree.
Jobs and commute in Goodwell
- Unemployment rate
- 6.1%State: 5%
- Average commute
- 23 minState: 22 min
- Work from home
- 3.6%
- Drive alone
- 70.9%
- Public transit
- 0%
- Walk to work
- 17.9%
- Homes with broadband
- 82.2%
Goodwell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Goodwell | 1,122 | $88,424 | $127,700 | $820 |
| Guymon | 12,539 | $60,075 | $182,000 | $887 |
| Texhoma | 992 | $61,366 | $130,200 | $786 |
| Texhoma | 336 | $53,875 | $134,400 | — |
| Hardesty | 404 | $87,808 | $47,600 | $510 |
| Gruver | 1,280 | $72,857 | $111,700 | $918 |
| Hooker | 1,786 | $48,571 | $158,100 | $944 |
| Stratford | 1,326 | $49,286 | $129,900 | — |
| Elkhart | 1,661 | $56,771 | $101,600 | $675 |
More for people moving to Goodwell
Goodwell ZIP code ›Weather and climate ›Living in Goodwell: FAQ
What is the median household income in Goodwell, OK?
The median household income in Goodwell is $88,424, 36% higher than the Oklahoma median of $65,039 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Goodwell?
The median home value in Goodwell is $127,700, compared with $199,800 in Oklahoma.
How much is rent in Goodwell?
The median gross rent in Goodwell is $820 per month, about 14.4% of household income.
Is Goodwell, OK a good place to live?
Pluses: median household income 36% higher than the Oklahoma median; home values 36% lower than the state median; a poverty rate of 5.9%. Minuses: an average commute of 23 minutes; unemployment of 6.1%.
What is the median age in Goodwell?
The median age in Goodwell is 22.8 years (Oklahoma: 37).
How long is the commute in Goodwell?
The average commute to work in Goodwell is 23 minutes; 3.6% of workers work from home.
What is the unemployment rate in Goodwell?
The unemployment rate in Goodwell is 6.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Goodwell?
37.1% of adults in Goodwell have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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