Cost of Living in Hobart, OK

With a cost of living index of 61, Hobart, OK is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 10% below the Oklahoma state average of 71. Hobart is a small community of 3,378 residents.

Housing costs are the biggest factor in Hobart's cost of living. The median monthly rent is $810 (39% below the US median of $1,319), and the median home value sits at $63,500 (79% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Hobart is $28,906, which is 62% lower than the national median of $75,149. Residents spend roughly 34% 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.