Cost of Living in Wynnewood, OK

With a cost of living index of 65, Wynnewood, OK is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 6% below the Oklahoma state average of 71. Wynnewood is a small community of 1,705 residents.

Housing costs are the biggest factor in Wynnewood's cost of living. The median monthly rent is $835 (37% below the US median of $1,319), and the median home value sits at $103,700 (66% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Wynnewood is $43,571, which is 42% lower than the national median of $75,149. Residents spend roughly 23% 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 Wynnewood. The area sees an average annual temperature of 60.1°F, with summers averaging 80°F and winters around 40°F. Annual rainfall totals 36.4 inches spread over roughly 83 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.