Miami, OK Cost Of Living
Cost Of Living In Miami, OK Summary
Cost of living in Miami 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 Miami 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 Miami is 80, with 100 being the average.
The cost of living index in Miami is 0.8x lower than the national average.
Miami ranks as the #14 cheapest in Oklahoma out of 74.
Miami ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Miami is $84,300.
The median income in Miami is $39,248.
Table Of Contents
Miami's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Miami, OK?
According to the most recent data on the cost of living, Miami has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Oklahoma, Miami has a cost of living index that's 0.9x lower than Oklahoma's index of 86.
The standard of living in Miami ranks as #14 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Miami ranks as the #60 most expensive place in the Sooner State.
For more reading on life in Miami, check out:
- Living In Miami
- Miami Crime Report
- Search Homes For Sale In Miami, OK
In Oklahoma
In America
Miami Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Miami. Here is how it fairs on each of the criteria:
The Services index in Miami is 85.
The Groceries index in Miami is 91.
The Health index in Miami is 94.
The Housing index in Miami is 52.
The Transportation index in Miami is 88.
The Utilities index in Miami is 105.
| Living Expense | Miami | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 80 | 86 | 100 | |
| Services | 85 | 92 | 100 | |
| Groceries | 91 | 94 | 100 | |
| Health | 94 | 92 | 100 | |
| Housing | 52 | 70 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 105 | 97 | 100 | |
Miami, 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 Miami is $84,300.
The Median Rent in Miami is $735.
The Median Income in Miami is $39,248.
The Home Value To Income in Miami is 2.1x.
The Rent To Monthly Income in Miami is 0.22x.
| Statistic | Miami | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $84,300 | $150,800 | $244,900 |
| Median Rent | $735 | $862 | $1,163 |
| Median Income | $39,248 | $56,956 | $69,021 |
| Home Value To Income | 2.1x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Miami, OK Costs By Category
Detailed Miami Services Costs Vs. Oklahoma
Detailed Miami Groceries Costs Vs. Oklahoma
Detailed Miami Health Costs Vs. Oklahoma
Detailed Miami Transportation Costs Vs. Oklahoma
Detailed Miami Utilities Costs Vs. Oklahoma
Miami SnackAbility
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Cost Of Living In Cities Around Miami
The cost of living varies in the cities and towns around Miami. Here's a quick look at the cost of living in the most populous nearby places:
Joplin, MO has a cost of living index of 82, 1.0x Miami.
Centerton, AR has a cost of living index of 88, 1.1x Miami.
Carthage, MO has a cost of living index of 78, 1.0x Miami.
| City | Population | Cost Of Living | Vs. Miami |
|---|---|---|---|
| Joplin, MO | 51,539 | 82 | 1.0x |
| Centerton, AR | 17,455 | 88 | 1.1x |
| Carthage, MO | 15,395 | 78 | 1.0x |
| Neosho, MO | 12,439 | 77 | 1.0x |
| Pryor Creek, OK | 9,439 | 83 | 1.0x |
| Carl Junction, MO | 8,099 | 88 | 1.1x |
| Grove, OK | 6,900 | 87 | 1.1x |
