Elk City, OK Cost Of Living
Cost Of Living In Elk City, OK Summary
Cost of living in Elk City 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 Elk City 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 Elk City is 92, with 100 being the average.
The cost of living index in Elk City is 0.9x lower than the national average.
Elk City ranks as the #65 cheapest in Oklahoma out of 74.
Elk City ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Elk City is $152,700.
The median income in Elk City is $44,159.
Table Of Contents
Elk City's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Elk City, OK?
According to the most recent data on the cost of living, Elk City has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Elk City has a cost of living index that's 1.1x higher than Oklahoma's index of 86.
The standard of living in Elk City ranks as #65 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Elk City ranks as the #9 most expensive place in the Sooner State.
For more reading on life in Elk City, check out:
- Living In Elk City
- Elk City Crime Report
- Search Homes For Sale In Elk City, OK
In Oklahoma
In America
Elk City Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Elk City. Here is how it fairs on each of the criteria:
The Services index in Elk City is 96.
The Groceries index in Elk City is 89.
The Health index in Elk City is 107.
The Housing index in Elk City is 83.
The Transportation index in Elk City is 92.
The Utilities index in Elk City is 94.
| Living Expense | Elk City | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 92 | 86 | 100 | |
| Services | 96 | 92 | 100 | |
| Groceries | 89 | 94 | 100 | |
| Health | 107 | 92 | 100 | |
| Housing | 83 | 70 | 100 | |
| Transportation | 92 | 90 | 100 | |
| Utilities | 94 | 97 | 100 | |
Elk City, 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 Elk City is $152,700.
The Median Rent in Elk City is $772.
The Median Income in Elk City is $44,159.
The Home Value To Income in Elk City is 3.5x.
The Rent To Monthly Income in Elk City is 0.21x.
| Statistic | Elk City | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $152,700 | $150,800 | $244,900 |
| Median Rent | $772 | $862 | $1,163 |
| Median Income | $44,159 | $56,956 | $69,021 |
| Home Value To Income | 3.5x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Elk City, OK Costs By Category
Detailed Elk City Services Costs Vs. Oklahoma
Detailed Elk City Groceries Costs Vs. Oklahoma
Detailed Elk City Health Costs Vs. Oklahoma
Detailed Elk City Transportation Costs Vs. Oklahoma
Detailed Elk City Utilities Costs Vs. Oklahoma
Elk City SnackAbility
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