Altus, OK Cost Of Living
Cost Of Living In Altus, OK Summary
Cost of living in Altus research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Altus is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oklahoma, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Altus is 83, with 100 being the average.
The cost of living index in Altus is 0.8x lower than the national average.
Altus ranks as the #24 cheapest in Oklahoma out of 74.
Altus ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Altus is $89,600.
The median income in Altus is $52,085.
Table Of Contents
Altus's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Altus, OK?
According to the most recent data on the cost of living, Altus has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Oklahoma, Altus has a cost of living index that's 1.0x lower than Oklahoma's index of 86.
The standard of living in Altus ranks as #24 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Altus ranks as the #50 most expensive place in the Sooner State.
For more reading on life in Altus, check out:
- Living In Altus
- Altus Crime Report
- Search Homes For Sale In Altus, OK
In Oklahoma
In America
Altus Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Altus. Here is how it fairs on each of the criteria:
The Services index in Altus is 99.
The Groceries index in Altus is 89.
The Health index in Altus is 110.
The Housing index in Altus is 55.
The Transportation index in Altus is 96.
The Utilities index in Altus is 94.
| Living Expense | Altus | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 83 | 86 | 100 | |
| Services | 99 | 92 | 100 | |
| Groceries | 89 | 94 | 100 | |
| Health | 110 | 92 | 100 | |
| Housing | 55 | 70 | 100 | |
| Transportation | 96 | 90 | 100 | |
| Utilities | 94 | 97 | 100 | |
Altus, OK Housing Cost Breakdown
Housing swings affordability the most between places in Oklahoma, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Altus is $89,600.
The Median Rent in Altus is $816.
The Median Income in Altus is $52,085.
The Home Value To Income in Altus is 1.7x.
The Rent To Monthly Income in Altus is 0.19x.
| Statistic | Altus | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $89,600 | $150,800 | $244,900 |
| Median Rent | $816 | $862 | $1,163 |
| Median Income | $52,085 | $56,956 | $69,021 |
| Home Value To Income | 1.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Altus, OK Costs By Category
Detailed Altus Services Costs Vs. Oklahoma
Detailed Altus Groceries Costs Vs. Oklahoma
Detailed Altus Health Costs Vs. Oklahoma
Detailed Altus Transportation Costs Vs. Oklahoma
Detailed Altus Utilities Costs Vs. Oklahoma
Altus SnackAbility
/10
Cost Of Living In Cities Around Altus
The cost of living varies in the cities and towns around Altus. Here's a quick look at the cost of living in the most populous nearby places:
Vernon, TX has a cost of living index of 78, 0.9x Altus.
| City | Population | Cost Of Living | Vs. Altus |
|---|---|---|---|
| Vernon, TX | 10,206 | 78 | 0.9x |
