Cost of living in The Village 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 The Village 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 The Village is 87, with 100 being the average.
The cost of living index in The Village is 0.9x lower than the national average.
The Village ranks as the #47 cheapest in Oklahoma out of 74.
The Village ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in The Village is $148,100.
The median income in The Village is $67,656.
According to the most recent data on the cost of living, The Village has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, The Village has a cost of living index that's 1.0x higher than Oklahoma's index of 86.
The standard of living in The Village ranks as #47 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies The Village ranks as the #27 most expensive place in the Sooner State.
For more reading on life in The Village, check out:
Six factors go into calculating the cost of living index in The Village. Here is how it fairs on each of the criteria:
The Services index in The Village is 94.
The Groceries index in The Village is 89.
The Health index in The Village is 92.
The Housing index in The Village is 77.
The Transportation index in The Village is 96.
The Utilities index in The Village is 77.
|Living Expense||The Village||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 The Village is $148,100.
The Median Rent in The Village is $1,285.
The Median Income in The Village is $67,656.
The Home Value To Income in The Village is 2.2x.
The Rent To Monthly Income in The Village is 0.23x.
|Statistic||The Village||Oklahoma||United States|
|Median Home Value||$148,100||$150,800||$244,900|
|Home Value To Income||2.2x||2.6x||3.5x|
|Rent To Monthly Income||0.23x||0.18x||0.2x|