Cost of Living in Taft, OK

With a cost of living index of 61, Taft, OK is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 10% below the Oklahoma state average of 71. Taft is a small community of 79 residents.

Housing costs are the biggest factor in Taft's cost of living. The median monthly rent is $817 (38% below the US median of $1,319), and the median home value sits at $63,300 (79% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Taft is $29,107, which is 61% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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 Taft. The area sees an average annual temperature of 60.8°F, with summers averaging 80°F and winters around 41°F. Annual rainfall totals 43.2 inches spread over roughly 101 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.