Alva, OK vs Woodward, OK

Alva, OK and Woodward, OK have a very similar cost of living, with only a 4.3% difference in their overall index. Alva scores 67 while Woodward scores 70 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 $839/month in Woodward — a 2% difference. Home values follow the same pattern: Alva is more affordable at $132,500 median vs $164,200.

Median household income in Alva is $41,728 compared to $60,720 in Woodward (-31.3%). While Woodward 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 16.6% in Woodward.