Alva, OK Cost Of Living
Cost Of Living In Alva, OK Summary
Cost of living in Alva 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 Alva 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 Alva is 82, with 100 being the average.
The cost of living index in Alva is 0.8x lower than the national average.
Alva ranks as the #19 cheapest in Oklahoma out of 74.
Alva ranks as the #377 cheapest out of 6,412 in the US.
The median home value in Alva is $105,600.
The median income in Alva is $48,523.
Table Of Contents
Alva's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Alva, OK?
According to the most recent data on the cost of living, Alva has an overall cost of living index of 82, which is 0.8x lower than the national index of 100.
Compared to Oklahoma, Alva has a cost of living index that's 1.0x lower than Oklahoma's index of 86.
The standard of living in Alva ranks as #19 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Alva ranks as the #55 most expensive place in the Sooner State.
For more reading on life in Alva, check out:
- Living In Alva
- Alva Crime Report
- Search Homes For Sale In Alva, OK
In Oklahoma
In America
Alva Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Alva. Here is how it fairs on each of the criteria:
The Services index in Alva is 92.
The Groceries index in Alva is 95.
The Health index in Alva is 92.
The Housing index in Alva is 53.
The Transportation index in Alva is 88.
The Utilities index in Alva is 101.
| Living Expense | Alva | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 82 | 86 | 100 | |
| Services | 92 | 92 | 100 | |
| Groceries | 95 | 94 | 100 | |
| Health | 92 | 92 | 100 | |
| Housing | 53 | 70 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 101 | 97 | 100 | |
Alva, 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 Alva is $105,600.
The Median Rent in Alva is $745.
The Median Income in Alva is $48,523.
The Home Value To Income in Alva is 2.2x.
The Rent To Monthly Income in Alva is 0.18x.
| Statistic | Alva | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $105,600 | $150,800 | $244,900 |
| Median Rent | $745 | $862 | $1,163 |
| Median Income | $48,523 | $56,956 | $69,021 |
| Home Value To Income | 2.2x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Alva, OK Costs By Category
Detailed Alva Services Costs Vs. Oklahoma
Detailed Alva Groceries Costs Vs. Oklahoma
Detailed Alva Health Costs Vs. Oklahoma
Detailed Alva Transportation Costs Vs. Oklahoma
Detailed Alva Utilities Costs Vs. Oklahoma
Alva SnackAbility
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Cost Of Living In Cities Around Alva
The cost of living varies in the cities and towns around Alva. Here's a quick look at the cost of living in the most populous nearby places:
Woodward, OK has a cost of living index of 85, 1.0x Alva.
| City | Population | Cost Of Living | Vs. Alva |
|---|---|---|---|
| Woodward, OK | 12,246 | 85 | 1.0x |
