Beaver, OK vs Spencer, OK

Beaver is moderately more affordable than Spencer, with a 7.9% lower cost of living index. Beaver scores 65 compared to 70 for Spencer, where the US average is 100. This difference means residents of Spencer can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Beaver is $767/month compared to $940/month in Spencer — a 18% difference. Interestingly, home values tell a different story: while Beaver has cheaper rent, Spencer actually has lower median home values ($119,000 vs $123,500).

Median household income in Beaver is $53,500 compared to $57,550 in Spencer (-7%). The higher salaries in Spencer partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Beaver spend roughly 17.2% of their income on rent, less than the 19.6% in Spencer.