Most Expensive Places To Live In Oklahoma For 2020

The 10 Most Expensive Places To Live In Oklahoma For 2020

1. Stillwater

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.

2. Grove

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.

3. Claremore

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.

4. Tahlequah

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.

5. Weatherford

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.

6. Durant

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.

7. Tulsa

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.

8. Sallisaw

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.

9. Guthrie

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.

10. Warr Acres

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:

1. How much do money do I make?
2. 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.