Cost of Living in Welch, OK

With a cost of living index of 57, Welch, OK is one of the most affordable cities in the country. Living here is 43% cheaper than the national average and 14% below the Oklahoma state average of 71. Welch is a small community of 633 residents.

Housing costs are the biggest factor in Welch's cost of living. The median monthly rent is $567 (57% below the US median of $1,319), and the median home value sits at $108,200 (65% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Welch is $36,042, which is 52% lower than the national median of $75,149. Residents spend roughly 19% 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 Welch. The area sees an average annual temperature of 58.8°F, with summers averaging 79°F and winters around 38°F. Annual rainfall totals 40.4 inches spread over roughly 102 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.