Cost of Living in Broken Bow, OK

Population 4,215 · Oklahoma · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Broken Bow sits on the smaller end of the Oklahoma city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. The labor market has been unusually tight, with unemployment around 0.0% — below most comparable cities in the state.

Located 120 miles northwest of Shreveport, Broken Bow is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 11% lower than Shreveport's $178,000.

Cost Overview

Housing 52
Rent 51

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Broken Bow

The median home value in Broken Bow is $159,000 — 48% below the national median of $305,000. Median rent runs $667/month, 49% lower than the national median of $1,314/month. The median household income of $50,744/year is 32% lower than the US median of $74,580. The local unemployment rate is 0.0%, below the national average of 4.8%. Oklahoma's top state income tax rate is 4.8% and the combined sales tax is 9.0%. The climate averages highs of 74.9°F and lows of 51.2°F. Overall, Broken Bow has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$159,000
48% below avg
Zillow Home Value
$240,580
Zillow ZHVI
Median Rent
$667/mo
49% below avg
Price-to-Rent Ratio
19.9x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$678
1 BR
$728
2 BR
$910
3 BR
$1,220
4 BR
$1,439
Owner-occupied 53.6%
Renter-occupied 46.4%

💰 Estimated Monthly Budget

Rent median rent
$667
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,281/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.6 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
2.2%

Commute Mode

Drove alone
86.9%
Carpooled
9.8%
Walked
1.1%
Work from home
2.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.8%
Total Sales Tax 9.0%
State rate 4.5%
Avg local rate 4.5%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$50,744
32% below avg
Per Capita Income
$22,017
Unemployment Rate
0.0%
100% below avg
Poverty Rate
29.7%
Labor Force Participation
52.5%

🎓 Education

Bachelor's degree+ 7.6%
Graduate degree 5.8%

👥 Demographics

Median Age 33.5
Male median age 34
Female median age 32.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
74.9°F
Avg Low
51.2°F
Annual Precip
44.4"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 555967758289939388776556
Low °F 313542506068717063514034
Precip" 2.923.273.984.695.074.302.952.593.363.823.234.17

🏫 Schools

NCES CCD 2019 — public school district data

89.8%
4-Year Graduation Rate
15.1:1
Student-teacher ratio
9
Public schools
2,534
Total enrollment

Frequently Asked Questions

What is the cost of living in Broken Bow, OK?

Broken Bow has a cost index of 52 (100 = national average). It is 48% below the national average.

What is average rent in Broken Bow, OK?

The median gross rent in Broken Bow is $667 per month based on 2023 Census data.

What is the average home price in Broken Bow?

The median home value in Broken Bow is $159,000 according to Zillow and Census data.

What is the median income in Broken Bow?

The median household income in Broken Bow is $50,744 per year (2023 ACS 5-year estimates).

What is the sales tax in Broken Bow, OK?

The combined state and local sales tax rate in Broken Bow is 9.0%. The Oklahoma state income tax top rate is 4.8%.

Is Broken Bow, OK affordable?

Yes, Broken Bow is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.

What is the weather like in Broken Bow?

Broken Bow has average high temperatures of 74.9°F and average lows of 51.2°F. Annual precipitation is 44.4". Data from NOAA 1991–2020 Climate Normals.

Broken Bow at a Glance

Population
4,215
Median Income
$50,744
Home Value
$159,000
Median Rent
$667/mo
Unemployment
0.0%
Avg High Temp
74.9°F
Sales Tax
9.0%
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Explore county-level cost of living data

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