Cost of Living in Yale, OK

With a cost of living index of 64, Yale, OK is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 7% below the Oklahoma state average of 71. Yale is a small community of 1,054 residents.

Housing costs are the biggest factor in Yale's cost of living. The median monthly rent is $848 (36% below the US median of $1,319), and the median home value sits at $84,700 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Yale is $38,462, which is 49% lower than the national median of $75,149. Residents spend roughly 26% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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 Yale. The area sees an average annual temperature of 60.2°F, with summers averaging 80°F and winters around 40°F. Annual rainfall totals 36 inches spread over roughly 95 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.