Cost of living in Grove 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 Grove 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 Grove is 92, with 100 being the average.
The cost of living index in Grove is 0.9x lower than the national average.
Grove ranks as the #55 cheapest in Oklahoma out of 75.
Grove ranks as the #1,501 cheapest out of 6,489 in the US.
The median home value in Grove is $290,138.
The median income in Grove is $56,875.
According to the most recent data on the cost of living, Grove has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Grove has a cost of living index that's 1.1x higher than Oklahoma's index of 87.
The standard of living in Grove ranks as #55 most affordable out of the 75 places we measured in Oklahoma. By definition, that implies Grove ranks as the #20 most expensive place in the Sooner State.
For more reading on life in Grove, check out:
Six factors go into calculating the cost of living index in Grove. Here is how it fairs on each of the criteria:
The Services index in Grove is 89.
The Groceries index in Grove is 95.
The Health index in Grove is 89.
The Housing index in Grove is 90.
The Transportation index in Grove is 94.
The Utilities index in Grove is 109.
| Living Expense | Grove | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 92 | 87 | 100 | |
| Services | 89 | 90 | 100 | |
| Groceries | 95 | 96 | 100 | |
| Health | 89 | 94 | 100 | |
| Housing | 90 | 70 | 100 | |
| Transportation | 94 | 93 | 100 | |
| Utilities | 109 | 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 Grove is $290,138.
The Median Rent in Grove is $887.
The Median Income in Grove is $56,875.
The Home Value To Income in Grove is 5.1x.
The Rent To Monthly Income in Grove is 0.19x.
The cost of living varies in the cities and towns around Grove. Here's a quick look at the cost of living in the most populous nearby places:
North Port, FL has a cost of living index of 105, 1.1x Grove.
Port Charlotte, FL has a cost of living index of 103, 1.1x Grove.
Venice, FL has a cost of living index of 114, 1.2x Grove.
| City | Population | Cost Of Living | Vs. Grove |
|---|---|---|---|
| North Port, FL | 80,512 | 105 | 1.1x |
| Port Charlotte, FL | 64,971 | 103 | 1.1x |
| Venice, FL | 26,467 | 114 | 1.2x |
| Punta Gorda, FL | 19,886 | 120 | 1.3x |
| Englewood, FL | 19,385 | 104 | 1.1x |
| South Venice, FL | 17,399 | 107 | 1.2x |
| Rotonda, FL | 10,312 | 111 | 1.2x |