Cost of Living in Elmore City, OK

With a cost of living index of 69, Elmore City, OK is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and in line with the Oklahoma state average. Elmore City is a small community of 826 residents.

Housing costs are the biggest factor in Elmore City's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $112,000 (63% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Elmore City is $37,375, which is 50% lower than the national median of $75,149. Residents spend roughly 31% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

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.