What is the cost of living in Elk City, OK?
According to the most recent data on the cost of living, Elk City has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Elk City has a cost of living index that's 1.0x higher than Oklahoma's index of 88.
The standard of living in Elk City ranks as #49 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Elk City ranks as the #25 most expensive place in the Sooner State.
For more reading on life in Elk City, check out:
Elk City Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Elk City. Here is how it fares on each of the criteria:
The Services index in Elk City is 98.
The Groceries index in Elk City is 95.
The Health index in Elk City is 89.
The Housing index in Elk City is 99.
The Transportation index in Elk City is 89.
The Utilities index in Elk City is 95.
| Living Expense | Elk City | Oklahoma | National Average |
|---|---|---|---|
| Overall | 92 | 88 | 100 |
| Services | 98 | 96 | 100 |
| Groceries | 95 | 95 | 100 |
| Health | 89 | 69 | 100 |
| Housing | 99 | 98 | 100 |
| Transportation | 89 | 96 | 100 |
| Utilities | 95 | 92 | 100 |
Elk City Cost Of Living Compared To Oklahoma Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Oklahoma, check out:
Protect your home budget Compare home warranties in Elk City Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Elk City, OK Housing Cost Breakdown
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 2020-2024. The key points are:
The Median Home Value in Elk City is $167,507.
The Median Rent in Elk City is $943.
The Median Income in Elk City is $51,272.
The Home Value To Income in Elk City is 3.3x.
The Rent To Monthly Income in Elk City is 0.22x.
