Woodward, OK Cost Of Living
Cost Of Living In Woodward, OK Summary
Cost of living in Woodward 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 Woodward 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 Woodward is 85, with 100 being the average.
The cost of living index in Woodward is 0.8x lower than the national average.
Woodward ranks as the #33 cheapest in Oklahoma out of 74.
Woodward ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Woodward is $144,100.
The median income in Woodward is $50,039.
Table Of Contents
Woodward's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Woodward, OK?
According to the most recent data on the cost of living, Woodward has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Oklahoma, Woodward has a cost of living index that's 1.0x lower than Oklahoma's index of 86.
The standard of living in Woodward ranks as #33 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Woodward ranks as the #41 most expensive place in the Sooner State.
For more reading on life in Woodward, check out:
- Living In Woodward
- Woodward Crime Report
- Search Homes For Sale In Woodward, OK
In Oklahoma
In America
Woodward Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Woodward. Here is how it fairs on each of the criteria:
The Services index in Woodward is 93.
The Groceries index in Woodward is 96.
The Health index in Woodward is 93.
The Housing index in Woodward is 68.
The Transportation index in Woodward is 91.
The Utilities index in Woodward is 101.
| Living Expense | Woodward | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 85 | 86 | 100 | |
| Services | 93 | 92 | 100 | |
| Groceries | 96 | 94 | 100 | |
| Health | 93 | 92 | 100 | |
| Housing | 68 | 70 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 101 | 97 | 100 | |
Woodward, 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 2017-2021. The key points are:
The Median Home Value in Woodward is $144,100.
The Median Rent in Woodward is $794.
The Median Income in Woodward is $50,039.
The Home Value To Income in Woodward is 2.9x.
The Rent To Monthly Income in Woodward is 0.19x.
| Statistic | Woodward | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $144,100 | $150,800 | $244,900 |
| Median Rent | $794 | $862 | $1,163 |
| Median Income | $50,039 | $56,956 | $69,021 |
| Home Value To Income | 2.9x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Woodward, OK Costs By Category
Detailed Woodward Services Costs Vs. Oklahoma
Detailed Woodward Groceries Costs Vs. Oklahoma
Detailed Woodward Health Costs Vs. Oklahoma
Detailed Woodward Transportation Costs Vs. Oklahoma
Detailed Woodward Utilities Costs Vs. Oklahoma
Woodward SnackAbility
/10
