Cost of Living in Longtown, OK

With a cost of living index of 84, Longtown, OK is a very affordable place to live. Living here is 16% cheaper than the national average and 13% above the Oklahoma state average of 71. Longtown is a small community of 2,836 residents.

Housing costs are the biggest factor in Longtown's cost of living. The median monthly rent is $1,254 (5% below the US median of $1,319), and the median home value sits at $178,400 (41% 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 Longtown is $57,655, which is 23% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.