Alva, OK vs Elk City, OK

Alva, OK and Elk City, OK have a very similar cost of living, with only a 4.8% difference in their overall index. Alva scores 67 while Elk City scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Alva is $826/month compared to $850/month in Elk City — a 3% difference. Home values follow the same pattern: Alva is more affordable at $132,500 median vs $165,300.

Median household income in Alva is $41,728 compared to $49,500 in Elk City (-15.7%). While Elk City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alva spend roughly 23.8% of their income on rent, more than the 20.6% in Elk City.