Mustang, OK vs Owasso, OK

Mustang, OK and Owasso, OK have a very similar cost of living, with only a 1% difference in their overall index. Mustang scores 88 while Owasso scores 88 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 Mustang is $1,243/month compared to $1,222/month in Owasso — a 2% difference. Interestingly, home values tell a different story: while Owasso has cheaper rent, Mustang actually has lower median home values ($227,800 vs $231,400).

Median household income in Mustang is $88,262 compared to $79,386 in Owasso (+11.2%). While Mustang is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Mustang spend roughly 16.9% of their income on rent, less than the 18.5% in Owasso.