Cost of Living in Guymon, OK
Housing
The housing market plays a significant role in determining the cost of living in Guymon, OK.
- Housing Index: 75.0 / 100
- Median Home Price is: $168,000
- Average Rent (2 BR Apartment): $950 per month
- Average Rent (2 BR House): $960 per month
When considering a move to Guymon, OK, the housing index stands at 75.0, indicating a moderately attractive market for homebuyers and renters alike. With a median home price of 168000, purchasing a home could be a rewarding investment, especially given the average rent for a 2-bedroom apartment at 950 and a 2-bedroom house at 960. The rents are relatively competitive, suggesting a potential for rental income if you decide to invest in property. Overall, Guymon offers a balance between affordability and growth potential in its real estate market.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Guymon, 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 Guymon, 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 Guymon is a financially viable option for your relocation.