Cost of Living in Edmond, OK

With a cost of living index of 98, Edmond, OK is right around the national average in cost. Living here is 2% cheaper than the national average and 27% above the Oklahoma state average of 71. With a population of 95,618, Edmond is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Edmond's cost of living. The median monthly rent is $1,313 (0% below the US median of $1,319), and the median home value sits at $324,900 (7% above the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Edmond is $102,032, which is 36% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Oklahoma City, OK (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.