Cost of Living in Grove, OK
Housing
The housing market plays a significant role in determining the cost of living in Grove, OK.
- Housing Index: 85.0 / 100
- Median Home Price is: $208,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering your data for Grove, OK, the housing index stands at a manageable 85.0, indicating a relatively affordable living environment. The median home price at 208000 offers an opportunity for homeownership, which is lower than many urban areas. Additionally, the average rent for a 2BR apartment is 1200, while renting a 2BR house averages 1280. This affordability can attract families and young professionals, fostering community growth. If you're contemplating a move here, it could be an opportune time to invest in either rental or homeownership.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Grove, 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.): $250 per month
Living in Grove, 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 $250 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 Grove is a financially viable option for your relocation.