Cost of Living in Lamont, OK

With a cost of living index of 63, Lamont, OK is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 8% below the Oklahoma state average of 71. Lamont is a small community of 252 residents.

Housing costs are the biggest factor in Lamont's cost of living. The median monthly rent is $907 (31% below the US median of $1,319), and the median home value sits at $47,300 (84% below the national median of $304,900). At current prices, the median home costs roughly 0.7x the median household income — well within traditional affordability guidelines.

The median household income in Lamont is $65,795, which is 12% lower than the national median of $75,149. Residents spend roughly 17% 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.