Colony, OK vs Hammon, OK

Hammon is moderately more affordable than Colony, with a 8.7% lower cost of living index. Colony scores 68 compared to 62 for Hammon, where the US average is 100. This difference means residents of Colony can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Colony is $727/month compared to $794/month in Hammon — a 8% difference. Interestingly, home values tell a different story: while Colony has cheaper rent, Hammon actually has lower median home values ($85,000 vs $176,100).

Median household income in Colony is $39,516 compared to $65,938 in Hammon (-40.1%). Hammon offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colony spend roughly 22.1% of their income on rent, more than the 14.4% in Hammon.