Cost of Living in Lyons Switch, OK

With a cost of living index of 78, Lyons Switch, OK is a very affordable place to live. Living here is 22% cheaper than the national average and 7% above the Oklahoma state average of 71. Lyons Switch is a small community of 573 residents.

Housing costs are the biggest factor in Lyons Switch's cost of living. The median monthly rent is $1,018 (23% below the US median of $1,319), and the median home value sits at $192,000 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Lyons Switch is $65,625, which is 13% lower than the national median of $75,149. Residents spend roughly 19% 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.