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: $168000
• 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 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: 85.3

Median Income

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

• Median Income: $55526

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 Guymon, 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.