Cost of Living in Smithville, OK

With a cost of living index of 50, Smithville, OK is one of the most affordable cities in the country. Living here is 50% cheaper than the national average and 21% below the Oklahoma state average of 71. Smithville is a small community of 105 residents.

Housing costs are the biggest factor in Smithville's cost of living. The median monthly rent is $550 (58% below the US median of $1,319), and the median home value sits at $28,800 (91% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Smithville is $33,594, which is 55% lower than the national median of $75,149. Residents spend roughly 20% 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 Smithville. The area sees an average annual temperature of 63.1°F, with summers averaging 81°F and winters around 45°F. Annual rainfall totals 44.4 inches spread over roughly 93 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.