Cost of Living in Tonkawa, OK

With a cost of living index of 62, Tonkawa, OK is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 9% below the Oklahoma state average of 71. Tonkawa is a small community of 3,018 residents.

Housing costs are the biggest factor in Tonkawa's cost of living. The median monthly rent is $802 (39% below the US median of $1,319), and the median home value sits at $83,000 (73% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Tonkawa is $57,711, which is 23% lower than the national median of $75,149. Residents spend roughly 17% 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 Tonkawa. The area sees an average annual temperature of 59.4°F, with summers averaging 80°F and winters around 38°F. Annual rainfall totals 33.6 inches spread over roughly 82 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.