Cost of Living in Hobart, OK
Population 3,378 · Oklahoma · Data vintage 2023
(100 = US avg)
Hobart's median household income of $28,906 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 (38% here). At 6.4%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 85 miles northwest of Wichita Falls, Hobart is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 55% lower than Wichita Falls' $143,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hobart
The median home value in Hobart is $63,500 — 79% below the national median of $305,000. Median rent runs $810/month, 38% lower than the national median of $1,314/month. The median household income of $28,906/year is 61% lower than the US median of $74,580. The local unemployment rate is 6.4%, 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 73.7°F and lows of 50.1°F. Overall, Hobart has a cost of living index of 37 versus the US average of 100, meaning it is 63% less expensive.
Hobart has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 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 | 51 | 55 | 64 | 73 | 82 | 92 | 97 | 95 | 87 | 75 | 62 | 52 |
| Low °F | 28 | 32 | 40 | 48 | 58 | 68 | 73 | 71 | 64 | 51 | 39 | 30 |
| Precip" | 0.67 | 0.98 | 1.85 | 2.94 | 4.15 | 3.35 | 2.72 | 2.76 | 2.90 | 2.85 | 1.52 | 1.30 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Hobart, OK?
Hobart has a cost index of 37 (100 = national average). It is 63% below the national average.
What is average rent in Hobart, OK?
The median gross rent in Hobart is $810 per month based on 2023 Census data.
What is the average home price in Hobart?
The median home value in Hobart is $63,500 according to Zillow and Census data.
What is the median income in Hobart?
The median household income in Hobart is $28,906 per year (2023 ACS 5-year estimates).
What is the sales tax in Hobart, OK?
The combined state and local sales tax rate in Hobart is 9.0%. The Oklahoma state income tax top rate is 4.8%.
Is Hobart, OK affordable?
Yes, Hobart is generally considered affordable, with a cost of living index of 37 — about 63% below the US national average of 100.
What is the weather like in Hobart?
Hobart has average high temperatures of 73.7°F and average lows of 50.1°F. Annual precipitation is 28". Data from NOAA 1991–2020 Climate Normals.
Hobart at a Glance
- Population
- 3,378
- Median Income
- $28,906
- Home Value
- $63,500
- Median Rent
- $810/mo
- Unemployment
- 6.4%
- Avg High Temp
- 73.7°F
- Sales Tax
- 9.0%
Explore county-level cost of living data