Cost of Living in The Village, OK

With a cost of living index of 90, The Village, OK is slightly more affordable than average. Living here is 10% cheaper than the national average and 19% above the Oklahoma state average of 71. The Village is a smaller community of 9,470 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in The Village's cost of living. The median monthly rent is $1,412 (7% above the US median of $1,319), and the median home value sits at $190,600 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.7x the median household income — well within traditional affordability guidelines.

The median household income in The Village is $70,788, which is 6% lower than the national median of $75,149. Residents spend roughly 24% 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 The Village. The area sees an average annual temperature of 61.4°F, with summers averaging 82°F and winters around 41°F. Annual rainfall totals 30.7 inches spread over roughly 73 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Oklahoma City, OK (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.