Ardmore, OK Cost Of Living
Cost Of Living In Ardmore, OK Summary
Cost of living in Ardmore 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 Ardmore 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 Ardmore is 87, with 100 being the average.
The cost of living index in Ardmore is 0.9x lower than the national average.
Ardmore ranks as the #47 cheapest in Oklahoma out of 74.
Ardmore ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Ardmore is $124,000.
The median income in Ardmore is $45,797.
Table Of Contents
Ardmore's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ardmore, OK?
According to the most recent data on the cost of living, Ardmore has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Ardmore has a cost of living index that's 1.0x higher than Oklahoma's index of 86.
The standard of living in Ardmore ranks as #47 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Ardmore ranks as the #27 most expensive place in the Sooner State.
For more reading on life in Ardmore, check out:
- Living In Ardmore
- Ardmore Crime Report
- Search Homes For Sale In Ardmore, OK
In Oklahoma
In America
Ardmore Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Ardmore. Here is how it fairs on each of the criteria:
The Services index in Ardmore is 104.
The Groceries index in Ardmore is 101.
The Health index in Ardmore is 86.
The Housing index in Ardmore is 60.
The Transportation index in Ardmore is 91.
The Utilities index in Ardmore is 95.
| Living Expense | Ardmore | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 87 | 86 | 100 | |
| Services | 104 | 92 | 100 | |
| Groceries | 101 | 94 | 100 | |
| Health | 86 | 92 | 100 | |
| Housing | 60 | 70 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 95 | 97 | 100 | |
Ardmore, 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 Ardmore is $124,000.
The Median Rent in Ardmore is $836.
The Median Income in Ardmore is $45,797.
The Home Value To Income in Ardmore is 2.7x.
The Rent To Monthly Income in Ardmore is 0.22x.
| Statistic | Ardmore | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $124,000 | $150,800 | $244,900 |
| Median Rent | $836 | $862 | $1,163 |
| Median Income | $45,797 | $56,956 | $69,021 |
| Home Value To Income | 2.7x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Ardmore, OK Costs By Category
Detailed Ardmore Services Costs Vs. Oklahoma
Detailed Ardmore Groceries Costs Vs. Oklahoma
Detailed Ardmore Health Costs Vs. Oklahoma
Detailed Ardmore Transportation Costs Vs. Oklahoma
Detailed Ardmore Utilities Costs Vs. Oklahoma
Ardmore SnackAbility
/10
Cost Of Living In Cities Around Ardmore
The cost of living varies in the cities and towns around Ardmore. Here's a quick look at the cost of living in the most populous nearby places:
Sherman, TX has a cost of living index of 86, 1.0x Ardmore.
Denison, TX has a cost of living index of 83, 1.0x Ardmore.
Durant, OK has a cost of living index of 87, 1.0x Ardmore.
| City | Population | Cost Of Living | Vs. Ardmore |
|---|---|---|---|
| Sherman, TX | 43,273 | 86 | 1.0x |
| Denison, TX | 24,324 | 83 | 1.0x |
| Durant, OK | 18,358 | 87 | 1.0x |
| Gainesville, TX | 17,146 | 84 | 1.0x |
| Ada, OK | 16,804 | 86 | 1.0x |
| Pauls Valley, OK | 6,030 | 83 | 1.0x |
