Cost of Living in Haywood, OK

With a cost of living index of 76, Haywood, OK is a very affordable place to live. Living here is 24% cheaper than the national average and 5% above the Oklahoma state average of 71. Haywood is a small community of 173 residents.

Housing costs are the biggest factor in Haywood'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 $193,800 (36% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Haywood is $63,125, which is 16% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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.