Cost of Living in Shady Point, OK

With a cost of living index of 59, Shady Point, OK is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 12% below the Oklahoma state average of 71. Shady Point is a small community of 1,010 residents.

Housing costs are the biggest factor in Shady Point's cost of living. The median monthly rent is $638 (52% below the US median of $1,319), and the median home value sits at $97,500 (68% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Shady Point is $47,212, which is 37% lower than the national median of $75,149. Residents spend roughly 16% 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.

Climate is another factor for anyone considering a move to Shady Point. The area sees an average annual temperature of 62.4°F, with summers averaging 81°F and winters around 43°F. Annual rainfall totals 47.3 inches spread over roughly 99 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.