Cost of Living in Texhoma, OK

With a cost of living index of 54, Texhoma, OK is one of the most affordable cities in the country. Living here is 46% cheaper than the national average and 17% below the Oklahoma state average of 71. Texhoma is a small community of 877 residents.

Housing costs are the biggest factor in Texhoma's cost of living. The median monthly rent is $477 (64% below the US median of $1,319), and the median home value sits at $105,400 (65% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Texhoma is $59,148, which is 21% lower than the national median of $75,149. Residents spend roughly 10% 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 Texhoma. The area sees an average annual temperature of 56.4°F, with summers averaging 77°F and winters around 36°F. Annual rainfall totals 18.5 inches spread over roughly 0 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.