Cost of Living in The Village, OK

Population 9,470 · Oklahoma · Data vintage 2023

80
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

The Village offers a notably favorable income-to-housing ratio for its region. The typical home — $191,000 — costs less than 2.7 times median household income of $70,788, a threshold many coastal markets passed a decade ago. The labor market has been unusually tight, with unemployment around 2.3% — below most comparable cities in the state.

The Village sits roughly 8 miles northwest of Oklahoma City — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 11% lower than Oklahoma City's $215,000.

Cost Overview

Housing 62
Rent 107

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

About the Cost of Living in The Village

The median home value in The Village is $190,600 — 38% below the national median of $305,000. Median rent runs $1,412/month, 7% higher than the national median of $1,314/month. The median household income of $70,788/year is 5% lower than the US median of $74,580. The local unemployment rate is 2.3%, 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, The Village has a cost of living index of 80 versus the US average of 100, meaning it is 20% less expensive.

🏠 Housing

Median Home Value
$190,600
38% below avg
Median Rent
$1,412/mo
7% above avg
Price-to-Rent Ratio
11.2x
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 62.1%
Renter-occupied 37.9%

💰 Estimated Monthly Budget

Rent median rent
$1,412
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,026/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
19.7 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.0%

Commute Mode

Drove alone
84.5%
Carpooled
4.2%
Public transit
0.1%
Walked
1.3%
Work from home
9.0%

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
$70,788
5% below avg
Per Capita Income
$43,548
Unemployment Rate
2.3%
52% below avg
Poverty Rate
12.9%
Labor Force Participation
73.6%

🎓 Education

Bachelor's degree+ 31.1%
Graduate degree 16.4%

👥 Demographics

Median Age 33.2
Male median age 32.7
Female median age 34.4

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.6°F
Avg Low
50.3°F
Annual Precip
30.7"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 515564728089959485746251
Low °F 283140495968737163513930
Precip" 0.780.982.043.004.264.832.883.493.002.721.471.27

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
41.1%
Good air days/yr
136
Max AQI recorded
208
PM2.5 days
140
Ozone days

Frequently Asked Questions

What is the cost of living in The Village, OK?

The Village has a cost index of 80 (100 = national average). It is 20% below the national average.

What is average rent in The Village, OK?

The median gross rent in The Village is $1,412 per month based on 2023 Census data.

What is the average home price in The Village?

The median home value in The Village is $190,600 according to 2023 Census ACS data.

What is the median income in The Village?

The median household income in The Village is $70,788 per year (2023 ACS 5-year estimates).

What is the sales tax in The Village, OK?

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

Is The Village, OK affordable?

Yes, The Village is generally considered affordable, with a cost of living index of 80 — about 20% below the US national average of 100.

What is the weather like in The Village?

The Village 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.

The Village at a Glance

Population
9,470
Median Income
$70,788
Home Value
$190,600
Median Rent
$1,412/mo
Unemployment
2.3%
Avg High Temp
72.6°F
Sales Tax
9.0%
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🗺️ County data for Oklahoma

Explore county-level cost of living data

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