Cost of Living in Stillwater, OK

With a cost of living index of 79, Stillwater, OK is a very affordable place to live. Living here is 21% cheaper than the national average and 8% above the Oklahoma state average of 71. With a population of 48,818, Stillwater is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Stillwater's cost of living. The median monthly rent is $944 (28% below the US median of $1,319), and the median home value sits at $230,900 (24% below the national median of $304,900). At current prices, the median home costs roughly 5.5x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Stillwater is $42,015, which is 44% lower than the national median of $75,149. Residents spend roughly 27% 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 Stillwater. The area sees an average annual temperature of 60.2°F, with summers averaging 80°F and winters around 40°F. Annual rainfall totals 36 inches spread over roughly 95 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.