Cost of Living in Elk city, OK
Housing
The housing market plays a significant role in determining the cost of living in Elk city, OK.
- Housing Index: 75.0 / 100
- Median Home Price is: $195,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $816 per month
Considering a move to Elk city, OK? The housing index stands at 75.0, indicating a relatively affordable market. The median home price of 195000 presents a viable option for homebuyers, while renters can find comfort in average monthly rents of 800 for a 2-bedroom apartment and 816 for a 2-bedroom house. With favorable pricing compared to national averages, Elk city offers a promising opportunity whether you're looking to rent or buy. Consider also local amenities, schools, and job market trends to find the best fit for your lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elk city, OK.
- Electricity Price: $12.37 USD (median by state)
- Natural Gas Price: $20.27 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Elk city, OK could entail higher utility costs. Electricity costs sit at $12.37, while natural gas is priced at $20.27 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Elk city is a financially viable option for your relocation.