Cost of Living in Dewey, OK

Population 3,388 · 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

Dewey's median household income of $42,940 is a meaningful share below the national figure, which shapes most of the downstream economic indicators — from housing affordability to the share of residents living below the poverty line (27% here). An unemployment rate of 1.6% points to a labor market well on the tight side of the national distribution.

Dewey is about 45 miles north of Tulsa, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 38% lower than Tulsa's $190,000.

Cost Overview

Housing 39
Rent 71

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

About the Cost of Living in Dewey

The median home value in Dewey is $117,600 — 61% below the national median of $305,000. Median rent runs $939/month, 29% lower than the national median of $1,314/month. The median household income of $42,940/year is 42% lower than the US median of $74,580. The local unemployment rate is 1.6%, 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 70.8°F and lows of 45.5°F, with about 8.2" of annual snowfall. Overall, Dewey has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$117,600
61% below avg
Zillow Home Value
$677,213
Zillow ZHVI
Median Rent
$939/mo
29% below avg
Price-to-Rent Ratio
10.4x
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 59.9%
Renter-occupied 40.1%

💰 Estimated Monthly Budget

Rent median rent
$939
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,553/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
24.4 min
10% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.2%

Commute Mode

Drove alone
83.2%
Carpooled
9.6%
Work from home
6.2%

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
$42,940
42% below avg
Per Capita Income
$23,374
Unemployment Rate
1.6%
67% below avg
Poverty Rate
26.5%
Labor Force Participation
48.5%

🎓 Education

Bachelor's degree+ 11.6%
Graduate degree 2.5%

👥 Demographics

Median Age 49.3
Male median age 50.2
Female median age 49.2

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
70.8°F
Avg Low
45.5°F
Annual Precip
40.2"
Annual Snowfall
8.2"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475262717988939284736049
Low °F 222635455565696658453425
Precip" 1.531.883.004.295.685.293.653.393.433.632.362.12
Snow" 1.91.61.50.00.00.00.00.00.00.00.23.0

🏫 Schools

NCES CCD 2019 — public school district data

92%
4-Year Graduation Rate
15.5:1
Student-teacher ratio
3
Public schools
1,239
Total enrollment

Frequently Asked Questions

What is the cost of living in Dewey, OK?

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

What is average rent in Dewey, OK?

The median gross rent in Dewey is $939 per month based on 2023 Census data.

What is the average home price in Dewey?

The median home value in Dewey is $117,600 according to Zillow and Census data.

What is the median income in Dewey?

The median household income in Dewey is $42,940 per year (2023 ACS 5-year estimates).

What is the sales tax in Dewey, OK?

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

Is Dewey, OK affordable?

Yes, Dewey 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 Dewey?

Dewey has average high temperatures of 70.8°F and average lows of 45.5°F. Annual precipitation is 40.2". Average annual snowfall is 8.2". Data from NOAA 1991–2020 Climate Normals.

Dewey at a Glance

Population
3,388
Median Income
$42,940
Home Value
$117,600
Median Rent
$939/mo
Unemployment
1.6%
Avg High Temp
70.8°F
Sales Tax
9.0%
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