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Everyone wants a home that mixes affordability with comfort and Oklahoma does this very well. Families love the Sooner State's beaches, midlands, and mountains as tourists before moving here and calling it home.
But before you decide to relocate, you have to do some research into the exact cost of living around the state -- and that's how we're going to help you.
These are the places in Oklahoma that cost a pretty penny -- the most expensive cities in the state.
After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Oklahoma for 2020.
So where is the most expensive place to live in Oklahoma? That would be Stillwater.
the 2014-2018 American Community Survey for the 74 places in Oklahoma with more than 5,000 people.
What's the most expensive place to live in Oklahoma? Well, HomeSnacks crunched the numbers and discovered that Stillwater is the most expensive place to live in Oklahoma.
So hopefully Alva (the cheapest place to live in Oklahoma) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.
And if you already knew these places were expensive, check out some more reading about Oklahoma and the most expensive cities in the country:
The 10 Most Expensive Places To Live In Oklahoma For 2020
Coordinates: 360658N 970332W 36.116; -97.059
The median income in Stillwater comes in at $31,808 and the median home value is $171,700 for 2020.
Grove is a city in Delaware County, Oklahoma, United States. The population was 6,623 at the 2010 census, an increase of 27.6 percent from 5,131 in 2000.
The median income in Grove comes in at $41,250 and the median home value is $166,300 for 2020.
Claremore is a city and the county seat of Rogers County in northeastern Oklahoma, United States. The population was 18,581 at the 2010 census, a 17.1 percent increase from 15,873 at the 2000 census. Located in the Ozark Mountains foothills, the city is part of the Tulsa Metropolitan Area and home to Rogers State University. It is best known as the birthplace and home of early 20th-century entertainer Will Rogers.
The median income in Claremore comes in at $42,977 and the median home value is $120,700 for 2020.
Tahlequah is a city in Cherokee County, Oklahoma, United States located at the foothills of the Ozark Mountains. It is part of the Green Country region of Oklahoma and was established as a capital of the 19th-century Cherokee Nation in 1839, as part of the new settlement in Indian Territory after the Cherokee Native Americans were forced west from the American Southeast on the Trail of Tears.
The median income in Tahlequah comes in at $35,046 and the median home value is $117,600 for 2020.
Weatherford is a city in Custer County, Oklahoma, United States. The population was 10,833 at the 2010 census.
The median income in Weatherford comes in at $40,792 and the median home value is $162,000 for 2020.
Durant is a city in Bryan County, Oklahoma, United States and serves as the capital of the Choctaw Nation of Oklahoma. The population was 15,856 at the 2010 census. Durant is the principal city of the Durant Micropolitan Statistical Area, which had a population of 42,416 in 2010. Durant ranks as the second largest city within the Choctaw Nation, following McAlester, and ahead of Poteau. Durant is also part of the Dallas-Fort Worth Combined Statistical Area, anchoring the northern edge.
The median income in Durant comes in at $37,771 and the median home value is $114,000 for 2020.
Tulsa is the second-largest city in the state of Oklahoma and 47th-most populous city in the United States. As of July 2015, the population was 403,505, an increase of 11,599 over that reported in the 2010 Census. It is the principal municipality of the Tulsa Metropolitan Area, a region with 981,005 residents in the MSA and 1,151,172 in the CSA. The city serves as the county seat of Tulsa County, the most densely populated county in Oklahoma, with urban development extending into Osage, Rogers, and Wagoner counties.
The median income in Tulsa comes in at $46,113 and the median home value is $133,900 for 2020.
Sallisaw is a city and county seat of Sequoyah County. The population was 8,880 at the 2010 Census, an 11.2 percent increase from 7,891 at the 2000 census. Sallisaw is part of the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area.
The median income in Sallisaw comes in at $29,656 and the median home value is $98,800 for 2020.
Guthrie is a city and county seat in Logan County, Oklahoma, United States, and a part of the Oklahoma City Metroplex. The population was 10,191 at the 2010 census, a 2.7 percent increase from the 9,925 at the 2000 census.
The median income in Guthrie comes in at $41,995 and the median home value is $117,400 for 2020.
Warr Acres is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area. It was established after World War II by C.B. Warr, a dynamic businessman, builder, and commercial developer. The population was 10,043 at the 2010 census.
The median income in Warr Acres comes in at $42,321 and the median home value is $110,900 for 2020.
How We Determined The Most Expensive Places To Live In The Sooner State For 2020
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it's actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2014-2018 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Oklahoma to figure out which is the most expensive.
What you are left with is a "Cost of Living Index" by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 74 places in Oklahoma that have more than 5,000 people.
The place with the highest cost of living in Oklahoma according to the data is Stillwater. You can download the data here.
Taking A Chunk Out Of Your Paycheck In Oklahoma For 2020
Well there you have it, the places in Oklahoma that have the highest cost of living, with Stillwater ranking as the most expensive city in the Sooner State.
Here's a look at the most affordable cities in Oklahoma according to the data:
For more Oklahoma reading, check out:
- 10 Best Places To Live In Oklahoma
- These Are The 10 Best Counties To Live In Oklahoma
- 10 Cheapest Places To Live In Oklahoma
- 10 Best Places To Raise A Family In Oklahoma
- These Are The 10 Best Places To Retire In Oklahoma
- These Are The 10 Richest Cities In Oklahoma
- 10 Safest Places In Oklahoma
Detailed List Of The Most Expensive Cities In Oklahoma