You may be thinking there is no where you can afford to truly live comfortably. Think again; Oklahoma is one of those states with a super low cost of living. One of the best things about this state is that there aren’t massive cities, and it cuts down on traffic or rush hour time.
If you’ve been curious about affordable states to live in, this guide will help you. We researched 10 cities and found the population of each, the median rent prices, median home values, and median income of each area.
The number one cheapest place to live in Oklahoma is Holdenville, with an average rent of $537 per month and a median home value of $55,100 per month. This is closely followed by Anadarko that has an average monthly rent of $550 per month and a home median value of $72,500. Next, you will find the town of Cushing, an affordable place to live with an average monthly rent of $674 and a median home value of $85,600.
When you decide to move to Oklahoma, you will find charming cities full of happy people. You will soon find out this is a great place to start a business and a fun place to raise a family. The cities are medium-sized, but the economy is strong, which means work will always be stable. The best thing about this area is that Oklahoma is full of extreme events. If you have wanted to see a rodeo or barrel racing, this is the state for you.
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The 10 Cheapest Places To Live In Oklahoma
For this guide, we looked through many places to figure out which was the most affordable to live in. Oklahoma has 590 cities so we narrowed it down to ten for you to look through. We looked at median rent, median home value, median household income, and population of each city. Curious to find out the 10 cheapest cities? Here they are!
- Ponca City
This guide will help you determine where to move for the most affordable houses. Oklahoma has a lot to offer its residents. You will fall in love with this state and find the perfect house.
- Median Rent: $537
- Median Home Value: $55,100
- Median Household Income: $32,433
- Population: 5,559
You will find that the household income is much lower than in other states, but the median home value is also much lower. Even if you make the median income, you will be able to afford to live well in this city. This is an amazing place to buy a home and a better place to rent. This is a city that has some of the best prices in Oklahoma. However, the cost of activities may be more expensive than in other areas.
You will find the median home value of $55,100 drives in a lot of homeowners. Over 65% of the community chooses to buy homes because it is so affordable. Many people make a household income of $32,433 per year which is more than enough to afford a home. The population is much smaller here, which can affect many things like jobs, houses available, and activities to do.
- Median Rent: $550
- Median Home Value: $72,500
- Median Household Income: $43,072
- Population: 6,626
Anadarko has been rated the 30th best place to buy a home in Oklahoma. That is because people make more here, and the price of a home is still below the national average. Almost 60% of the community choose to buy homes, but many people still choose to rent because $550 per month is a great deal in this town. Anadarko is not a town known for its nightlife, so if you’re looking for a fun night activity, this may not be your town.
Many families move here because the median home value is $72,500, and it’s easy to support a family here. The schools are rated at an average standard, and most parents are happy with the education. There are tons of parks, museums, and vineyards to tour.
- Median Rent: $674
- Median Home Value: $85,600
- Median Household Income: $42,106
- Population: 7,746
Cushing is a somewhat bigger town with over 7,746 people in this town. You will notice the neighbors are close, and they welcome newcomers easily. Though the median home value is more here than in the other two cities at $85,600, you will find that 59% of the community chooses to buy homes. The rent is also more expensive here, with a median price of $674.
The economy in this area is very powerful due to the strong reliance on the oil industry. This is a place known as the “Pipeline Crossroads of The World.” In this state, this is the 9th best home price to income ratio. The public schools are rated above average here, and it has been rated a diverse town compared to the other places.
4. Ponca City
- Median Rent: $678
- Median Home Value: $96,600
- Median Household Income: $44,043
- Population: 24,134
Though this city is slightly bigger with just over 24,000, people it is still considered a small city by American standards. Many young professionals choose to move here because it has a strong economy thanks to the oil industry. This is also a place where many people choose to retire because the houses are still below the national average. There are tons of outdoor activities to choose from.
You will find the median home value more in this area at $96,600, which is more than the other place on this list but still below the national average. You will find that 62% of this community chooses to buy homes, and only 38% choose to rent. You will find a decent amount of nightlife in this area and tons of museums to explore.
- Median Rent: $690
- Median Home Value: $61,900
- Median Household Income: $37,120
- Median Population: 7,219
This town is more diverse than the others on the list, and Seminole is a great place for families because of the low home value of $61,900. In the 1920s, the oil boom in this area leads to a population boom which drew in a large crowd. Now, over 55% of the community has bought a home. The schools are rated above average, and there are tons of outdoor activities to do during all seasons. There is a fun lake you can explore and even a casino for the older adults.
Many of the things you pay for will be cheaper in this area; the most costly expense will be housing in this town. However, many of the activities may be more expensive than expected, and you will have to budget that in. One of the cheaper things to do in this city is exploring the weekly farmer’s market in the summer. You can even get fresh produce there.
- Median Rent: $692
- Median Home Value: $94,900
- Median Household Income: $44,646
- Population: 5,109
Recently, Alva was rated the eighth-best place to live in Oklahoma. Why? This small town is full of friendly people, and the crime rate is 66% below the national average. The schools are well-rated, and many families enjoy living here. The houses tend to be a bit more expensive, with a median home value of $94,900, but the average income makes it affordable.
This town is in Woods County and has a smaller population than other cities on the list. You will find that in Alva, 59% of the community chooses to buy over renting a home. The average rent prices are around $692 per month, and often a mortgage is more affordable in this area. If you’re looking for things to do, you should check out Bouziden Lake that offers tons of water activities in the summertime.
- Median Rent: $713
- Median Home Value: $85,900
- Median Household Income: $42,175
- Population: 16,337
If you’re looking for a bigger city, this can be your go-to place. It is medium-sized for Oklahoma and more like a city than other areas without having city prices. There are a little over 16,000 residents here, and the population continues to grow. It is a diverse area that’s really good for families to settle down. The median home value is $85,900, and because of the good price, 57% of the community chooses to buy.
However, this is also a really good place for young professionals to settle down and find an apartment. The average rental is just over $700, but you will find a mix of prices in the area. Chickasha was recently rated the 3rd-best place to live in Grady County.
- Median Rent: $773
- Median Home Value: $63,800
- Median Household Income: $42,371
- Population: 6,696
If you are looking for a place to retire, look no further. This was recently rated to be in the top 25-best places to retire. The city is smaller than most but good for people looking to get to know their neighbors and join an active community. The nightlife is decent in this area if you like a relaxing night out, and overall, it’s a diverse city. 69% of the community chooses to buy homes because the median home price is lower than the other areas, while rent tends to be more expensive.
The median household income is around $42,371, while median home values are a low $63,800. This makes it a super affordable place to live or to retire. Most things in this area will be priced well under the national average. In Blackwell, there is a nice mall you can check out when it gets too hot to be outside.
- Median Rent: $801
- Median Home Value: $117,800
- Median Household Income: $53,903
- Population: 12,448
One of the best things about this area is that it has highly rated schools that are above average. This makes Woodward a fantastic place for young adults to settle down and start a family or an already growing family looking for a safe place to raise kids. The population continues to grow but is currently around 12,448.
Another fantastic thing about Woodward is that the median household income tends to be bigger, though the results may vary. You can expect the median household income to be around $53,903 per year. This income leaves a lot of options for home buyers, and you will see that 63% of the community are homeowners.
- Median Rent: $881
- Median Home Value: $121,200
- Median Household Income: $63,150
- Population: 6,837
Though Noble is not the biggest city on the list, it is one of the more expensive places. Noble is still cheaper than many other areas, and the cost of living is one of the lowest in Oklahoma. You will find that many homes have an income of $63,150 per year, making the median home value affordable. 68% of the community owns their homes.
This area has schools that are rated above average, and many families settle down here for the rural feeling. You will find beautiful homes for sale with a median home value of $121,200, which is still way below the national average. The best thing about this place is there is tons of activity. You will find bars, restaurants, cafes, and museums to go to.
Summing It Up
Oklahoma may not be the state you would ever think about moving to, but it honestly should be a state you check out. It has a strong economy, stable employment and can be one of the best states to raise a family or even retire. The cost of living in the entire state is lower than the national average, and you may find you love the people who live there. Next time you start searching for houses, take a look at these cities in Oklahoma.