Cost of Living in Silo, OK

With a cost of living index of 74, Silo, OK is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and in line with the Oklahoma state average. Silo is a small community of 608 residents.

Housing costs are the biggest factor in Silo's cost of living. The median monthly rent is $950 (28% below the US median of $1,319), and the median home value sits at $163,500 (46% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Silo is $71,250, which is 5% 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.

Climate is another factor for anyone considering a move to Silo. The area sees an average annual temperature of 65°F, with summers averaging 83°F and winters around 47°F. Annual rainfall totals 38.3 inches spread over roughly 90 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.