Cost of Living in Poteau, OK
Housing
The housing market plays a significant role in determining the cost of living in Poteau, OK.
- Housing Index: 85.5 / 100
- Median Home Price is: $150000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
In Poteau, OK, the housing index stands at 85.5, indicating a relatively affordable market compared to national averages. The median home price of 150000 makes homeownership accessible for many, especially in areas where the cost of renting a 2-bedroom apartment or house is both pegged at 1200. This suggests that potential buyers could benefit from lower monthly costs compared to renting, especially considering the trend of rising rents nationally. Consider your long-term plans, as investing in property now could be a wise financial move for the future.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Poteau, 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 Poteau, 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 Poteau is a financially viable option for your relocation.