Cost of Living in Velma, OK
Housing
The housing market plays a significant role in determining the cost of living in Velma, OK.
- Housing Index: Data is updating
- Median Home Price is: $186,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
When considering a move to Velma, OK, the housing data reveals a median home price of $186,000 with a currently undefined housing index, indicating potential fluctuations in the market. It's crucial to look into the average rents for 2-bedroom apartments and houses which are not provided, but understanding these costs can significantly impact your budget. Research neighborhood amenities and job opportunities as they also play vital roles in overall satisfaction and cost of living. Be sure to analyze market trends further, as they could affect your long-term investment and living experience in Velma.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Velma, 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.): Data is updating
Living in Velma, 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 data unavailable 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 Velma is a financially viable option for your relocation.