Cost of Living in Altus, OK

Housing

The housing market plays a significant role in determining the cost of living in Altus, OK.

• Housing Index: 85.0 / 100
• Median Home Price is: $197500
• Average Rent (2 BR Apartment): $950 per month
• Average Rent (2 BR House): $968 per month

Considering a move to Altus, OK? With a housing index of 85.0, affordability appears to be in your favor. The median home price is presently set at 197500, which is advantageous compared to national averages. Rental options are also appealing, with averages of 950 for apartments and 968 for houses, making it ideal for families or young professionals. Additionally, Altus could have growth potential in the real estate market, given its lower housing index. A move here may offer a blend of affordability and opportunity.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Altus, 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 Altus, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 92.4

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $56620

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Altus, OK, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.