Cost of Living in Wakita, OK

With a cost of living index of 52, Wakita, OK is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 19% below the Oklahoma state average of 71. Wakita is a small community of 290 residents.

Housing costs are the biggest factor in Wakita's cost of living. The median monthly rent is $611 (54% below the US median of $1,319), and the median home value sits at $31,700 (90% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Wakita is $35,795, which is 52% lower than the national median of $75,149. Residents spend roughly 20% 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 Wakita. The area sees an average annual temperature of 57.4°F, with summers averaging 79°F and winters around 36°F. Annual rainfall totals 33.1 inches spread over roughly 78 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.