| Index | Edmond | Oklahoma | National |
| Cost of living | 106 | 88 | 100 |
| Groceries | 98 | 96 | 100 |
| Health care | 96 | 95 | 100 |
| Housing | 130 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 96 | 96 | 100 |
| Lifestyle & Entertainment | 92 | 94 | 100 |
| Household Items | 95 | 97 | 100 |
| Education & Childcare | 97 | 93 | 100 |
The cost of living in Edmond affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Edmond is 106, which is 6% higher than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Edmond closely mirrors the national average in comparison to other cities nationwide. Essential items such as groceries, houshold expenses, health care and utilities are priced at a level consistent with similar urban areas. This means that residents of Edmond can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
When it comes to the cost of living in Edmond, housing costs are a real heavyweight, often hogging a significant chunk of your earnings. Sadly, in this area, housing expenses for both buying and renting were 30.3% more expensive compared to your average city. That means you'll be shelling out more for homes, rents, mortgage rates and insurance.
The most insightful perspective on a city comes from its residents. We recently surveyed 13 locals to gauge their perception of the cost of living in Edmond. The feedback revealed that 62% of respondents found the cost of living to be reasonable, with prices on the decline, while 38% regarded it as notably expensive with prices that continue to rise.
Is Edmond an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Edmond is 37.3% higher than the national average, while the average monthly rent prices are 13.9% higher than average. The affordability of any location can also be influenced by median income levels. Edmond has a median household income of $126,130, which is 55.1% higher than the national average.
Subsidies: Certain regions may provide government subsidies or assistance initiatives designed to alleviate the cost of living burden on their residents. These programs encompass a wide range of support mechanisms, such as Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas with fewer subsidy offerings might experience an elevation in their cost of living.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Edmond, the housing index comes in at 30.3% higher than the national average.
Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday household expenses like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Edmond starts at 4.5% and the income tax rates start at 0.25%.
The cost of living data for Edmond shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Groceries index | |
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| Housing index | |
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| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $171,762 | $14,314 | $4,008 | $5,153 |
| Renters | $69,313 | $5,776 | $1,617 | $2,080 |
| State | General Sales Tax | With Max Surtax |
| Oklahoma | 4.5% | 11% |
| State | Income Tax (Low) | Income Tax (High) |
| Oklahoma | 0.25% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Spencer, OK | 4,133 | 81 | 19.0% |
| Smith Village, OK | 75 | 81 | 18.7% |
| Arcadia, OK | 139 | 82 | 17.8% |
| Del City, OK | 22,594 | 84 | 15.6% |
| Warr Acres, OK | 10,425 | 87 | 12.8% |
| Edmond, OK | 96,269 | 106 | 6.4% |
| City | Population | Cost of Living Index | National Avg. |
| Pickering, ON | 96,267 | n/a | |
| Menifee, CA | 96,253 | 137 | 37.5% |
| Fishers, IN | 96,166 | 113 | 12.6% |
| Brossard, QC | 96,033 | n/a | |
| Quincy, MA | 96,803 | 150 | 49.7% |
| Edmond, OK | 96,269 | 106 | 6.4% |
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