Cost of Living in Tatums, OK

With a cost of living index of 66, Tatums, OK is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 5% below the Oklahoma state average of 71. Tatums is a small community of 155 residents.

Housing costs are the biggest factor in Tatums'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 $66,700 (78% below the national median of $304,900). At current prices, the median home costs roughly 1.7x the median household income — well within traditional affordability guidelines.

The median household income in Tatums is $38,750, which is 48% lower than the national median of $75,149. Residents spend roughly 29% 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 Tatums. The area sees an average annual temperature of 62.6°F, with summers averaging 83°F and winters around 42°F. Annual rainfall totals 27.5 inches spread over roughly 68 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.