Cost of Living in Frederick, OK

Population 3,460 · Oklahoma · Data vintage 2023

35
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Frederick's median household income of $45,459 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 (19% here).

Geographically, Frederick is about 40 miles northwest of Wichita Falls, the nearest large metro. Median home values run roughly 53% lower than Wichita Falls' $143,000.

Cost Overview

Housing 22
Rent 54

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

About the Cost of Living in Frederick

The median home value in Frederick is $67,100 — 78% below the national median of $305,000. Median rent runs $703/month, 46% lower than the national median of $1,314/month. The median household income of $45,459/year is 39% lower than the US median of $74,580. The local unemployment rate is 3.2%, 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 75.8°F and lows of 51.4°F. Overall, Frederick has a cost of living index of 35 versus the US average of 100, meaning it is 65% less expensive.

🏠 Housing

Median Home Value
$67,100
78% below avg
Zillow Home Value
$335,843
Zillow ZHVI
Median Rent
$703/mo
46% below avg
Price-to-Rent Ratio
8.0x
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 74.6%
Renter-occupied 25.4%

💰 Estimated Monthly Budget

Rent median rent
$703
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,317/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
25.2 min
7% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.6%

Commute Mode

Drove alone
80.9%
Carpooled
10.2%
Public transit
1.3%
Walked
1.7%
Bicycle
0.8%
Work from home
1.6%

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
$45,459
39% below avg
Per Capita Income
$23,025
Unemployment Rate
3.2%
33% below avg
Poverty Rate
18.8%
Labor Force Participation
52.2%

🎓 Education

Bachelor's degree+ 11.1%
Graduate degree 4.3%

👥 Demographics

Median Age 36.4
Male median age 34.9
Female median age 37.1

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
75.8°F
Avg Low
51.4°F
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 545867768493979788776454
Low °F 303342496069737264524132

🏫 Schools

NCES CCD 2019 — public school district data

95%
4-Year Graduation Rate
16:1
Student-teacher ratio
3
Public schools
850
Total enrollment

Frequently Asked Questions

What is the cost of living in Frederick, OK?

Frederick has a cost index of 35 (100 = national average). It is 65% below the national average.

What is average rent in Frederick, OK?

The median gross rent in Frederick is $703 per month based on 2023 Census data.

What is the average home price in Frederick?

The median home value in Frederick is $67,100 according to Zillow and Census data.

What is the median income in Frederick?

The median household income in Frederick is $45,459 per year (2023 ACS 5-year estimates).

What is the sales tax in Frederick, OK?

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

Is Frederick, OK affordable?

Yes, Frederick is generally considered affordable, with a cost of living index of 35 — about 65% below the US national average of 100.

What is the weather like in Frederick?

Frederick has average high temperatures of 75.8°F and average lows of 51.4°F. Data from NOAA 1991–2020 Climate Normals.

Frederick at a Glance

Population
3,460
Median Income
$45,459
Home Value
$67,100
Median Rent
$703/mo
Unemployment
3.2%
Avg High Temp
75.8°F
Sales Tax
9.0%
View all cities in Oklahoma →
🗺️ County data for Oklahoma

Explore county-level cost of living data