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Ardmore, OK vs Elk City, OK

73
Ardmore
Oklahoma
VS
+3.9%
71
Elk City
Oklahoma

Ardmore, OK and Elk City, OK have a very similar cost of living, with only a 3.9% difference in their overall index. Ardmore scores 73 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 Ardmore is $959/month compared to $850/month in Elk City — a 13% difference. Interestingly, home values tell a different story: while Elk City has cheaper rent, Ardmore actually has lower median home values ($158,800 vs $165,300).

Median household income in Ardmore is $52,954 compared to $49,500 in Elk City (+7%). While Ardmore is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Ardmore spend roughly 21.7% of their income on rent, more than the 20.6% in Elk City.

Income & Cost

Cost of Living Index
Ardmore
73
Elk City
71
4% cheaper
Median Household Income
Ardmore
$52,954
7% higher
Elk City
$49,500

Housing

Median Rent
Ardmore
$959
Elk City
$850
11% cheaper
Median Home Value
Ardmore
$158,800
4% cheaper
Elk City
$165,300
Population
Ardmore
24,757
Elk City
11,406

Salary Equivalency Calculator

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