Cost of Living in Elk City, OK
Population 11,406 · Oklahoma · Data vintage 2023
(100 = US avg)
Elk City is a smaller Oklahoma community of around 11000 residents, where median household incomes of $49,500 and housing costs ($165,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. A poverty rate near 27% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Elk City lies roughly 110 miles west of the nearest major metro, Oklahoma City — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than Oklahoma City's $215,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Elk City
The median home value in Elk City is $165,300 — 46% below the national median of $305,000. Median rent runs $850/month, 35% lower than the national median of $1,314/month. The median household income of $49,500/year is 34% lower than the US median of $74,580. The local unemployment rate is 5.8%, above 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 71.2°F and lows of 48.9°F. Overall, Elk City has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 49 | 53 | 62 | 70 | 80 | 90 | 94 | 93 | 84 | 72 | 59 | 49 |
| Low °F | 28 | 30 | 39 | 46 | 57 | 67 | 71 | 70 | 62 | 49 | 38 | 30 |
| Precip" | 0.61 | 0.78 | 1.40 | 2.60 | 3.55 | 3.28 | 1.96 | 3.12 | 2.59 | 2.33 | 0.91 | 0.77 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Elk City, OK?
Elk City has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Elk City, OK?
The median gross rent in Elk City is $850 per month based on 2023 Census data.
What is the average home price in Elk City?
The median home value in Elk City is $165,300 according to Zillow and Census data.
What is the median income in Elk City?
The median household income in Elk City is $49,500 per year (2023 ACS 5-year estimates).
What is the sales tax in Elk City, OK?
The combined state and local sales tax rate in Elk City is 9.0%. The Oklahoma state income tax top rate is 4.8%.
Is Elk City, OK affordable?
Yes, Elk City is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
What is the weather like in Elk City?
Elk City has average high temperatures of 71.2°F and average lows of 48.9°F. Annual precipitation is 23.9". Data from NOAA 1991–2020 Climate Normals.
Elk City at a Glance
- Population
- 11,406
- Median Income
- $49,500
- Home Value
- $165,300
- Median Rent
- $850/mo
- Unemployment
- 5.8%
- Avg High Temp
- 71.2°F
- Sales Tax
- 9.0%
Explore county-level cost of living data
Oklahoma Rankings
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