Cost of living in Bethany 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 Bethany 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 Bethany is 87, with 100 being the average.
The cost of living index in Bethany is 0.9x lower than the national average.
Bethany ranks as the #47 cheapest in Oklahoma out of 74.
Bethany ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Bethany is $130,400.
The median income in Bethany is $51,695.
According to the most recent data on the cost of living, Bethany has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Bethany has a cost of living index that's 1.0x higher than Oklahoma's index of 86.
The standard of living in Bethany ranks as #47 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Bethany ranks as the #27 most expensive place in the Sooner State.
For more reading on life in Bethany, check out:
Six factors go into calculating the cost of living index in Bethany. Here is how it fairs on each of the criteria:
The Services index in Bethany is 91.
The Groceries index in Bethany is 90.
The Health index in Bethany is 98.
The Housing index in Bethany is 69.
The Transportation index in Bethany is 88.
The Utilities index in Bethany is 98.
Living Expense | Bethany | Oklahoma | National Average | |
---|---|---|---|---|
Overall | 87 | 86 | 100 | |
Services | 91 | 92 | 100 | |
Groceries | 90 | 94 | 100 | |
Health | 98 | 92 | 100 | |
Housing | 69 | 70 | 100 | |
Transportation | 88 | 90 | 100 | |
Utilities | 98 | 97 | 100 |
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 Bethany is $130,400.
The Median Rent in Bethany is $935.
The Median Income in Bethany is $51,695.
The Home Value To Income in Bethany is 2.5x.
The Rent To Monthly Income in Bethany is 0.22x.
Statistic | Bethany | Oklahoma | United States |
---|---|---|---|
Median Home Value | $130,400 | $150,800 | $244,900 |
Median Rent | $935 | $862 | $1,163 |
Median Income | $51,695 | $56,956 | $69,021 |
Home Value To Income | 2.5x | 2.6x | 3.5x |
Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
The cost of living varies in the cities and towns around Bethany. Here's a quick look at the cost of living in the most populous nearby places:
Edmond, OK has a cost of living index of 97, 1.1x Bethany.
Moore, OK has a cost of living index of 88, 1.0x Bethany.
Yukon, OK has a cost of living index of 89, 1.0x Bethany.
City | Population | Cost Of Living | Vs. Bethany |
---|---|---|---|
Edmond, OK | 93,522 | 97 | 1.1x |
Moore, OK | 62,633 | 88 | 1.0x |
Yukon, OK | 23,697 | 89 | 1.0x |
Mustang, OK | 19,847 | 91 | 1.0x |
El Reno, OK | 17,164 | 84 | 1.0x |
Newcastle, OK | 10,970 | 92 | 1.1x |
Warr Acres, OK | 10,443 | 85 | 1.0x |
Tuttle, OK | 7,412 | 95 | 1.1x |
Piedmont, OK | 7,306 | 94 | 1.1x |