Cost of Living in Nichols Hills, OK
Population 3,838 · Oklahoma · Data vintage 2023
(100 = US avg)
Nichols Hills's housing market reflects its status as a high-earning metro: $855,000 for a typical home, 180% above the US median, paired with household incomes around $203,750 that put it in the upper third of the state. The labor market has been unusually tight, with unemployment around 0.3% — below most comparable cities in the state.
Located 6 miles north of Oklahoma City, Nichols Hills falls within that metro's commuting orbit. Median home values run roughly 298% higher than Oklahoma City's $215,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Nichols Hills
The median home value in Nichols Hills is $855,300 — 180% above the national median of $305,000. Median rent runs $1,444/month, 10% higher than the national median of $1,314/month. The median household income of $203,750/year is 173% higher than the US median of $74,580. The local unemployment rate is 0.3%, 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 72.6°F and lows of 50.3°F. Overall, Nichols Hills has a cost of living index of 212 versus the US average of 100, meaning it is 112% more expensive.
Nichols Hills 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 | 72 | 80 | 89 | 95 | 94 | 85 | 74 | 62 | 51 |
| Low °F | 28 | 31 | 40 | 49 | 59 | 68 | 73 | 71 | 63 | 51 | 39 | 30 |
| Precip" | 0.78 | 0.98 | 2.04 | 3.00 | 4.26 | 4.83 | 2.88 | 3.49 | 3.00 | 2.72 | 1.47 | 1.27 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Nichols Hills, OK?
Nichols Hills has a cost index of 212 (100 = national average). It is 112% above the national average.
What is average rent in Nichols Hills, OK?
The median gross rent in Nichols Hills is $1,444 per month based on 2023 Census data.
What is the average home price in Nichols Hills?
The median home value in Nichols Hills is $855,300 according to Zillow and Census data.
What is the median income in Nichols Hills?
The median household income in Nichols Hills is $203,750 per year (2023 ACS 5-year estimates).
What is the sales tax in Nichols Hills, OK?
The combined state and local sales tax rate in Nichols Hills is 9.0%. The Oklahoma state income tax top rate is 4.8%.
Is Nichols Hills, OK affordable?
Nichols Hills is above average in cost of living, with an index of 212 — about 112% higher than the national average.
What is the weather like in Nichols Hills?
Nichols Hills has average high temperatures of 72.6°F and average lows of 50.3°F. Annual precipitation is 30.7". Data from NOAA 1991–2020 Climate Normals.
Nichols Hills at a Glance
- Population
- 3,838
- Median Income
- $203,750
- Home Value
- $855,300
- Median Rent
- $1,444/mo
- Unemployment
- 0.3%
- Avg High Temp
- 72.6°F
- Sales Tax
- 9.0%
Nearby Cities
Explore county-level cost of living data
Oklahoma Rankings
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Cities in other states with comparable housing costs