Cost of living in Hugo 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 Hugo 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 Hugo is 93, with 100 being the average.
The cost of living index in Hugo is 0.9x lower than the national average.
Hugo ranks as the #58 cheapest in Oklahoma out of 75.
Hugo ranks as the #1,658 cheapest out of 6,489 in the US.
The median home value in Hugo is $117,611.
The median income in Hugo is $31,694.
According to the most recent data on the cost of living, Hugo has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Hugo has a cost of living index that's 1.1x higher than Oklahoma's index of 87.
The standard of living in Hugo ranks as #58 most affordable out of the 75 places we measured in Oklahoma. By definition, that implies Hugo ranks as the #17 most expensive place in the Sooner State.
For more reading on life in Hugo, check out:
Six factors go into calculating the cost of living index in Hugo. Here is how it fairs on each of the criteria:
The Services index in Hugo is 122.
The Groceries index in Hugo is 98.
The Health index in Hugo is 112.
The Housing index in Hugo is 44.
The Transportation index in Hugo is 96.
The Utilities index in Hugo is 117.
| Living Expense | Hugo | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 93 | 87 | 100 | |
| Services | 122 | 90 | 100 | |
| Groceries | 98 | 96 | 100 | |
| Health | 112 | 94 | 100 | |
| Housing | 44 | 70 | 100 | |
| Transportation | 96 | 93 | 100 | |
| Utilities | 117 | 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 Hugo is $117,611.
The Median Rent in Hugo is $634.
The Median Income in Hugo is $31,694.
The Home Value To Income in Hugo is 3.7x.
The Rent To Monthly Income in Hugo is 0.24x.
The cost of living varies in the cities and towns around Hugo. Here's a quick look at the cost of living in the most populous nearby places:
Paris, TX has a cost of living index of 93, 1.0x Hugo.
Bonham, TX has a cost of living index of 95, 1.0x Hugo.
Idabel, OK has a cost of living index of 84, 0.9x Hugo.
| City | Population | Cost Of Living | Vs. Hugo |
|---|---|---|---|
| Paris, TX | 24,678 | 93 | 1.0x |
| Bonham, TX | 10,594 | 95 | 1.0x |
| Idabel, OK | 6,959 | 84 | 0.9x |