Cost of living in El Reno 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 El Reno 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 El Reno is 84, with 100 being the average.
The cost of living index in El Reno is 0.8x lower than the national average.
El Reno ranks as the #28 cheapest in Oklahoma out of 74.
El Reno ranks as the #629 cheapest out of 6,412 in the US.
The median home value in El Reno is $122,500.
The median income in El Reno is $49,147.
According to the most recent data on the cost of living, El Reno has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.
Compared to Oklahoma, El Reno has a cost of living index that's 1.0x lower than Oklahoma's index of 86.
The standard of living in El Reno ranks as #28 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies El Reno ranks as the #46 most expensive place in the Sooner State.
For more reading on life in El Reno, check out:
Six factors go into calculating the cost of living index in El Reno. Here is how it fairs on each of the criteria:
The Services index in El Reno is 93.
The Groceries index in El Reno is 92.
The Health index in El Reno is 100.
The Housing index in El Reno is 59.
The Transportation index in El Reno is 89.
The Utilities index in El Reno is 97.
|Living Expense||El Reno||Oklahoma||National Average|
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 2017-2021. The key points are:
The Median Home Value in El Reno is $122,500.
The Median Rent in El Reno is $781.
The Median Income in El Reno is $49,147.
The Home Value To Income in El Reno is 2.5x.
The Rent To Monthly Income in El Reno is 0.19x.
|Statistic||El Reno||Oklahoma||United States|
|Median Home Value||$122,500||$150,800||$244,900|
|Home Value To Income||2.5x||2.6x||3.5x|
|Rent To Monthly Income||0.19x||0.18x||0.2x|
The cost of living varies in the cities and towns around El Reno. Here's a quick look at the cost of living in the most populous nearby places:
Yukon, OK has a cost of living index of 89, 1.1x El Reno.
Bethany, OK has a cost of living index of 87, 1.0x El Reno.
Mustang, OK has a cost of living index of 91, 1.1x El Reno.