Cost of Living in Winchester, OK

With a cost of living index of 68, Winchester, OK is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 3% below the Oklahoma state average of 71. Winchester is a small community of 537 residents.

Housing costs are the biggest factor in Winchester's cost of living. The median monthly rent is $738 (44% below the US median of $1,319), and the median home value sits at $176,800 (42% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Winchester is $55,417, which is 26% lower than the national median of $75,149. Residents spend roughly 16% 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 Winchester. The area sees an average annual temperature of 61.5°F, with summers averaging 81°F and winters around 41°F. Annual rainfall totals 42.1 inches spread over roughly 99 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Tulsa, 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.