Cost of Living in Spavinaw, OK

With a cost of living index of 55, Spavinaw, OK is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 16% below the Oklahoma state average of 71. Spavinaw is a small community of 418 residents.

Housing costs are the biggest factor in Spavinaw's cost of living. The median monthly rent is $640 (51% below the US median of $1,319), and the median home value sits at $57,300 (81% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Spavinaw is $29,688, which is 60% lower than the national median of $75,149. Residents spend roughly 26% 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.

Climate is another factor for anyone considering a move to Spavinaw. The area sees an average annual temperature of 58.6°F, with summers averaging 78°F and winters around 39°F. Annual rainfall totals 45.4 inches spread over roughly 107 days.

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.