The median home price in Oklahoma is $196,095, which has increased by 3.4% since the last year. The Oklahoma housing market has witnessed a 0.4% year-over-year decline in the number of homes listed. With only a 2-month supply left, the tight inventory is expected to drive an increase in the median sale price.
Near the coastal areas, the home prices are relatively higher in the Sooner State but as you move to the inland areas, you can find cheaper options to live in.
4 Reasons to live in Oklahoma 🌆
- Cheaper Houses: The median home sale price in Oklahoma is ~$196K but you can get houses between $56K and $126K in cities like Miami, Altus, and Woodward. This can save you thousands while enjoying better earning opportunities in the Sooner State.
- Tax Benefits: Oklahoma has implemented programs supporting certain demographics like the CalEITC (Earned Income Tax Credit). This program aids low-income earners, potentially reducing tax burdens.
- Affordable Healthcare: Healthcare in cities that are listed below is up to 5% lower than the state average. In some cities, the average healthcare is even cheaper than the national average.
- Cheaper Rentals: The rent prices of these cities are lower than the state average and national average. You can save up to $200 per month in rent.
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View 123 Homes For Sale in Oklahoma
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Cheapest Places to Live in Oklahoma 2024
This list provides insights into the average household income, median listing price, population, unemployment rate, and poverty rate of the cities.
| City | Median Household Income | Median Home Value | Population | Unemployment Rate | Poverty Rate |
|---|---|---|---|---|---|
| Anadarko | $44,203 | $56,496 | 6,182 | 3.9% | 29.3% |
| Altus | $52,085 | $87,571 | 18,825 | 3.0% | 16.8% |
| Okmulgee | $36,258 | $94,004 | 11,330 | 5.4% | 23% |
| Miami | $39,248 | $105,066 | 12,997 | 3.4% | 24.1% |
| Ponca City | $47,236 | $119,743 | 24,499 | 4.9% | 17.5% |
| Enid | $57,772 | $120,214 | 51,129 | 3.7% | 15% |
| Woodward | $50,039 | $120,447 | 12,246 | 4.7% | 17.3% |
7 Cheapest Places to Live in OK
With a cost of living 13% below the national average, Oklahoma is still home to some of the nation’s most expensive cities. However, amidst this disparity, the Sooner State has several affordable living options.
1. Anadarko
| 🟢 Cost of Living Compared to State Average | 24%⬇️ |
| 🏡 Median Home Price | $56,496 |
| 💲 Median Rent | $1,395 |
| 🌅 Known For | Gardens and Parks |
Anadarko is an affordable place to live in Oklahoma. Its median housing rates are 78% below the national average.
Anadarko stands out as a budget-friendly city with beautiful gardens and parks. Apart from that, the city also offers a lively arts community and delicious farm-to-fork cuisine.
» Homes for Sale in Anadarko, OK: Find your dream home in this city.
2. Altus
| 🟢 Cost of Living Compared to State Average | 30.9%⬇️ |
| 🏡 Median Home Price | $87,571 |
| 💲 Median Rent | $1,050 |
| 🏞️ Known For | Agriculture and Energy Production |
Altus is one of the most budget-friendly rental destinations in Oklahoma with an average home rent of $1,050. It also offers affordable groceries which are 22.2% lower than the national average.
Altus, also known as an agricultural hub, stands out for having the largest concentration of Basque restaurants. Additionally, the city provides cultural attractions, boasting a vibrant scene with numerous galleries and museums.
» Homes for Sale in Atlus, OK: Browse thousands of property listings in Altus.
3. Okmulgee
| 🟢 Cost of Living Compared to State Average | 33.6%⬇️ |
| 🏡 Median Home Price | $94,004 |
| 💲 Median Rent | $1,000 |
| 🏖️ Known For | Sequoia National Park |
With rental costs below the national average, Okmulgee stands as one of the most affordable cities to live in Oklahoma. The house rent price is between $790 – $9,900.
Okmulgee offers a range of activities. You can enjoy concerts at the Visalia Fox Theatre or take a stroll through the delightful downtown area.
» Homes for Sale in Okmulgee, OK: View all the properties for sale in this city.
4. Miami
| 🟢 Cost of Living Compared to State Average | 28.9%⬇️ |
| 🏡 Median Home Price | $105,066 |
| 💲 Median Rent | $900 |
| 🏖️ Known For | George Lucas’ Film American Graffiti |
Miami offers budget-friendly living with a median rent of $900, which is $1,100 lower than the national median. With healthcare costs being 8.9% lower than the state average, the city stands out as one of the most inexpensive places to live in Oklahoma.
Miami is the third-largest food distribution hub and engages in year-round crop harvesting. Additionally, the city boasts various arts and entertainment events.
» Homes for Sale in Miami, OK: Browse through thousands of affordable properties.
5. Ponca City
| 🟢 Cost of Living Compared to State Average | 25.3%⬇️ |
| 🏡 Median Home Price | $119,743 |
| 💲 Median Rent | $800 |
| 🎨 Known For | Educational Institutions |
Also known as “Brick City,” Ponca City is just 50 miles from Sacramento and around 90 miles from San Francisco. The average housing price is 67.6% lower than the state average.
Ponca City’s affordable food, health, housing, and transportation facilities make the city one of the cheapest places to live in Oklahoma.
» Homes for Sale in Ponca City, OK: Browse through thousands of properties in Ponca city.
6. Enid
| 🟢 Cost of Living Compared to State Average | 27.7%⬇️ |
| 🏡 Median Home Price | $120,214 |
| 💲 Median Rent | $950 |
| 🏫 Known For | Old Town Clovis |
The house rent in Enid is between $400 – $2,200. With an average household income of $60,790, you can comfortably live in this city.
Enid is a compelling real estate choice for outdoor enthusiasts seeking affordable living in Oklahoma. Its proximity to Yosemite National Park, Kings Canyon, and Sequoia National Parks makes it an ideal location for nature lovers.
» Homes for Sale in Enid, OK: Find a home in one of the cheapest places to live in Oklahoma.
7. Woodward
| 🟢 Cost of Living Compared to State Average | 9.4%⬇️ |
| 🏡 Median Home Price | $120,447 |
| 💲 Median Rent | $1,000 |
| 🖼️ Known For | Farm-to-Fork food culture |
Woodward is one of the best places to live in Oklahoma. The median home price in Woodward is $485,000. The monthly cost of food and utilities is ~7.2% lower than the state average.
Woodward aims to position itself as an attractive destination for technology businesses, job creation, and economic growth. It is home to big companies like Amazon, Intel, and Aerojet.
» Homes for Sale in Woodward, OK: Get yourself a home in Woodward.
- 🏡 Do You Need Professional Assistance While Buying a Home?
Look no further! With Houzeo, you can access a network of top real estate professionals through Houzeo Pros. They will cater to all your needs and requirements.
The Bottom Line
Despite expensive home prices, you can find affordable housing in Oklahoma. Apart from housing, some cities also offer affordable living. You must research the city’s home prices and living costs before relocating.
Find Homes for Sale in OK Under Your Specific Budget
Find An Affordable House With Houzeo
With thousands of property listings, Houzeo.com is one of the biggest property listing sites in the US. Find condos, townhouses, co-ops, and other types of homes for sale in Oklahoma on Houzeo.
Find Your Dream Home 🏡
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Find Your Dream Home 🏡
View 123 Homes For Sale in Oklahoma
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» Need More Clarity? Read these exclusive Houzeo reviews and learn why the platform is the best in America’s competitive housing market.
Research Methodology
We’ve created this list by considering factors such as cost of living, median home price, and rental price range. We have also accounted for the population, median household income, poverty rate, and unemployment rate in these cities.
To compile this list of the cheapest areas to live in Oklahoma, we have drawn data from the Economic Research Institute, World Population Review, Rent Cafe, and Zillow.
FAQs
Where is the cheapest place to live in Oklahoma?
The cheapest place to live in Oklahoma is Anadarko. It offers one of the most affordable utilities in the state, which is 12.8% lower than the national average.
» 7 Cheapest Places to Live in Oklahoma: Find out the other cheapest places to live in Oklahoma!
Is Oklahoma the cheapest place to live in?
No, it is not. The median home value is $196,095. If you're looking for cities with affordable housing and a low cost of living, you can try your luck in some of these cheapest places in America.
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