Cost of living in Edmond research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Edmond is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oklahoma, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Edmond is 107, with 100 being the average.
The cost of living index in Edmond is 1.1x higher than the national average.
Edmond ranks as the #75 cheapest in Oklahoma out of 75.
Edmond ranks as the #3,374 cheapest out of 6,489 in the US.
The median home value in Edmond is $350,947.
The median income in Edmond is $102,032.
According to the most recent data on the cost of living, Edmond has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.
Compared to Oklahoma, Edmond has a cost of living index that's 1.2x higher than Oklahoma's index of 87.
The standard of living in Edmond ranks as #75 most affordable out of the 75 places we measured in Oklahoma. By definition, that implies Edmond ranks as the #0 most expensive place in the Sooner State.
For more reading on life in Edmond, check out:
Six factors go into calculating the cost of living index in Edmond. Here is how it fairs on each of the criteria:
The Services index in Edmond is 97.
The Groceries index in Edmond is 92.
The Health index in Edmond is 89.
The Housing index in Edmond is 129.
The Transportation index in Edmond is 92.
The Utilities index in Edmond is 97.
| Living Expense | Edmond | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 107 | 87 | 100 | |
| Services | 97 | 90 | 100 | |
| Groceries | 92 | 96 | 100 | |
| Health | 89 | 94 | 100 | |
| Housing | 129 | 70 | 100 | |
| Transportation | 92 | 93 | 100 | |
| Utilities | 97 | 98 | 100 | |
Housing swings affordability the most between places in Oklahoma, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Edmond is $350,947.
The Median Rent in Edmond is $1,313.
The Median Income in Edmond is $102,032.
The Home Value To Income in Edmond is 3.4x.
The Rent To Monthly Income in Edmond is 0.15x.
The cost of living varies in the cities and towns around Edmond. Here's a quick look at the cost of living in the most populous nearby places:
Bethany, OK has a cost of living index of 88, 0.8x Edmond.
Choctaw, OK has a cost of living index of 95, 0.9x Edmond.
Guthrie, OK has a cost of living index of 88, 0.8x Edmond.
| City | Population | Cost Of Living | Vs. Edmond |
|---|---|---|---|
| Bethany, OK | 20,606 | 88 | 0.8x |
| Choctaw, OK | 12,208 | 95 | 0.9x |
| Guthrie, OK | 11,021 | 88 | 0.8x |
| Warr Acres, OK | 10,437 | 86 | 0.8x |
| Piedmont, OK | 7,978 | 104 | 1.0x |
| Harrah, OK | 6,377 | 91 | 0.9x |