Cost of living in Mustang 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 Mustang 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 Mustang is 94, with 100 being the average.
The cost of living index in Mustang is 0.9x lower than the national average.
Mustang ranks as the #62 cheapest in Oklahoma out of 75.
Mustang ranks as the #1,806 cheapest out of 6,489 in the US.
The median home value in Mustang is $277,711.
The median income in Mustang is $88,262.
According to the most recent data on the cost of living, Mustang has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Mustang has a cost of living index that's 1.1x higher than Oklahoma's index of 87.
The standard of living in Mustang ranks as #62 most affordable out of the 75 places we measured in Oklahoma. By definition, that implies Mustang ranks as the #13 most expensive place in the Sooner State.
For more reading on life in Mustang, check out:
Six factors go into calculating the cost of living index in Mustang. Here is how it fairs on each of the criteria:
The Services index in Mustang is 87.
The Groceries index in Mustang is 94.
The Health index in Mustang is 103.
The Housing index in Mustang is 99.
The Transportation index in Mustang is 98.
The Utilities index in Mustang is 98.
| Living Expense | Mustang | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 94 | 87 | 100 | |
| Services | 87 | 90 | 100 | |
| Groceries | 94 | 96 | 100 | |
| Health | 103 | 94 | 100 | |
| Housing | 99 | 70 | 100 | |
| Transportation | 98 | 93 | 100 | |
| Utilities | 98 | 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 Mustang is $277,711.
The Median Rent in Mustang is $1,243.
The Median Income in Mustang is $88,262.
The Home Value To Income in Mustang is 3.1x.
The Rent To Monthly Income in Mustang is 0.17x.
The cost of living varies in the cities and towns around Mustang. Here's a quick look at the cost of living in the most populous nearby places:
Moore, OK has a cost of living index of 92, 1.0x Mustang.
Yukon, OK has a cost of living index of 88, 0.9x Mustang.
Bethany, OK has a cost of living index of 88, 0.9x Mustang.
| City | Population | Cost Of Living | Vs. Mustang |
|---|---|---|---|
| Moore, OK | 63,045 | 92 | 1.0x |
| Yukon, OK | 24,802 | 88 | 0.9x |
| Bethany, OK | 20,606 | 88 | 0.9x |
| El Reno, OK | 17,919 | 84 | 0.9x |
| Newcastle, OK | 12,238 | 96 | 1.0x |
| Warr Acres, OK | 10,437 | 86 | 0.9x |
| Blanchard, OK | 9,276 | 96 | 1.0x |
| Piedmont, OK | 7,978 | 104 | 1.1x |
| Tuttle, OK | 7,785 | 93 | 1.0x |