Goodwell, OK
Population 1,271 · Oklahoma
About Goodwell, OK
Goodwell is a small town located in Oklahoma with a population of 1,271 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,982 per year, which is 14% above the national median of $75,149. The median age of 22.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Goodwell features a median home value of $122,000, which is 50% below the national median of $244,900. This makes Goodwell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $826, 29% below the national average of $1,163/month. Of the 379 total housing units, 58% are owner-occupied (159 units) and 42% are renter-occupied (116 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Goodwell shows an unemployment rate of 5.5%, which is near the national rate of 3.7%. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Goodwell have an average one-way commute time of 19.1 minutes, one of the shorter commutes in the region.
Education & Demographics
35.2% of Goodwell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 14.9% White, 9.2% Hispanic or Latino, 0.0% Black or African American, and 0.7% Asian residents, with 13.5% of the population being foreign-born.
Cost of Living in Goodwell, OK
Compared to national averages, Goodwell has a median household income of $85,982 (14% above the national median of $75,149). Home values average $122,000, which is 50% below the national median. Monthly rent at $826 is 29% below the US average of $1,163. Within Oklahoma, Goodwell's income is 52% above the state average of $56,382, and home values are 2% above the state median of $119,992.
Why Live in Goodwell, OK?
Goodwell offers a strong local economy with a median household income of $85,982, well above the national average, and affordable housing with a median home value of $122,000, below the US average of $244,900, and rent that’s lower than the national average at $826/month. Additionally, the city features a well-educated community where 35.2% of residents hold a bachelor’s degree or higher, and short commute times averaging just 19.1 minutes.
Goodwell has a population of 1,271 with a median age of 22.1 years. Compare Goodwell with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Goodwell
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Okarche | 1,270 | $87,250 | $232,300 | Compare |
| Grandview | 1,262 | $73,867 | $159,600 | Compare |
| Thomas | 1,255 | $57,813 | $133,600 | Compare |
| Bushyhead | 1,253 | $48,798 | $118,800 | Compare |
| Meeker | 1,292 | $35,813 | $90,700 | Compare |
| Colbert | 1,248 | $45,263 | $86,600 | Compare |
| Mooreland | 1,294 | $51,042 | $141,200 | Compare |
| Buffalo | 1,244 | $69,875 | $89,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Goodwell With Other Cities
Frequently Asked Questions about Goodwell
What is the population of Goodwell, OK?
The population of Goodwell, OK is 1,271 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oklahoma.
What is the median household income in Goodwell?
The median household income in Goodwell, OK is $85,982 per year, which is 14% above the national median of $75,149.
What is the median home value in Goodwell?
The median home value in Goodwell, OK is $122,000, which is 50% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Goodwell?
The median monthly rent in Goodwell, OK is $826, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Goodwell?
The unemployment rate in Goodwell, OK is 5.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Goodwell, OK a good place to live?
Goodwell offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 1,271 and a median age of 22.1, the city appeals to young professionals and families.
How educated is Goodwell, OK?
35.2% of residents in Goodwell aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Goodwell?
Key cost-of-living indicators for Goodwell, OK: median home value is $122,000 (50% below national), median rent is $826/month, and median household income is $85,982. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Goodwell?
The poverty rate in Goodwell, OK is 13.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Goodwell, OK?
Goodwell's population is 14.9% White, 9.2% Hispanic or Latino, 0.0% Black or African American, 0.7% Asian, and 1.6% two or more races. 13.5% of residents are foreign-born.