Latta, OK vs Spencer, OK

Latta, OK and Spencer, OK have a very similar cost of living, with only a 3.7% difference in their overall index. Latta scores 68 while Spencer scores 70 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 Latta is $750/month compared to $940/month in Spencer — a 20% difference. Interestingly, home values tell a different story: while Latta has cheaper rent, Spencer actually has lower median home values ($119,000 vs $165,800).

Median household income in Latta is $76,216 compared to $57,550 in Spencer (+32.4%). Latta offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Latta spend roughly 11.8% of their income on rent, less than the 19.6% in Spencer.