Cost of Living in North Miami, OK

With a cost of living index of 68, North Miami, OK is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 3% below the Oklahoma state average of 71. North Miami is a small community of 279 residents.

Housing costs are the biggest factor in North Miami's cost of living. The median monthly rent is $1,050 (20% below the US median of $1,319), and the median home value sits at $62,800 (79% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in North Miami is $45,000, which is 40% lower than the national median of $75,149. Residents spend roughly 28% 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.