Cost of Living in Gotebo, OK

With a cost of living index of 64, Gotebo, OK is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 7% below the Oklahoma state average of 71. Gotebo is a small community of 232 residents.

Housing costs are the biggest factor in Gotebo's cost of living. The median monthly rent is $675 (49% below the US median of $1,319), and the median home value sits at $150,000 (51% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Gotebo is $93,750, which is 25% higher than the national median of $75,149. Residents spend roughly 9% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.