Cherry Tree, OK vs Lexington, OK

Cherry Tree, OK and Lexington, OK have a very similar cost of living, with only a 2.1% difference in their overall index. Cherry Tree scores 64 while Lexington scores 66 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 Cherry Tree is $805/month compared to $879/month in Lexington — a 8% difference. Interestingly, home values tell a different story: while Cherry Tree has cheaper rent, Lexington actually has lower median home values ($84,500 vs $103,300).

Median household income in Cherry Tree is $53,393 compared to $46,094 in Lexington (+15.8%). Cherry Tree offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cherry Tree spend roughly 18.1% of their income on rent, less than the 22.9% in Lexington.