Cost of Living in Mead, OK

With a cost of living index of 57, Mead, OK is one of the most affordable cities in the country. Living here is 43% cheaper than the national average and 14% below the Oklahoma state average of 71. Mead is a small community of 418 residents.

Housing costs are the biggest factor in Mead's cost of living. The median monthly rent is $644 (51% below the US median of $1,319), and the median home value sits at $75,000 (75% below the national median of $304,900). At current prices, the median home costs roughly 1x the median household income — well within traditional affordability guidelines.

The median household income in Mead is $75,500, which is 0% higher than the national median of $75,149. Residents spend roughly 10% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

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.