Cottonwood, OK vs Gracemont, OK

Cottonwood, OK and Gracemont, OK have a very similar cost of living, with only a 0.1% difference in their overall index. Cottonwood scores 56 while Gracemont scores 56 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 Cottonwood is $580/month compared to $650/month in Gracemont — a 11% difference. Interestingly, home values tell a different story: while Cottonwood has cheaper rent, Gracemont actually has lower median home values ($60,000 vs $86,800).

Median household income in Cottonwood is $32,500 compared to $36,250 in Gracemont (-10.3%). Gracemont offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cottonwood spend roughly 21.4% of their income on rent, less than the 21.5% in Gracemont.