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Alva, OK vs Newkirk, OK

67
Alva
Oklahoma
VS
+15.9%
58
Newkirk
Oklahoma

There is a significant gap in the cost of living between these two cities. Newkirk is 15.9% cheaper than Alva. With a cost index of 58 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Newkirk to Alva should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alva is $826/month compared to $613/month in Newkirk — a 35% difference. Home values follow the same pattern: Newkirk is more affordable at $99,000 median vs $132,500.

Median household income in Alva is $41,728 compared to $53,125 in Newkirk (-21.5%). Newkirk offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Alva spend roughly 23.8% of their income on rent, more than the 13.8% in Newkirk.

Income & Cost

Cost of Living Index
Alva
67
Newkirk
58
14% cheaper
Median Household Income
Alva
$41,728
Newkirk
$53,125
21% higher

Housing

Median Rent
Alva
$826
Newkirk
$613
26% cheaper
Median Home Value
Alva
$132,500
Newkirk
$99,000
25% cheaper
Population
Alva
5,009
Newkirk
2,024

Salary Equivalency Calculator

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