| Index | Guymon | Oklahoma | National |
| Cost of living | 91 | 88 | 100 |
| Groceries | 99 | 96 | 100 |
| Health care | 101 | 95 | 100 |
| Housing | 72 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 105 | 96 | 100 |
| Lifestyle & Entertainment | 101 | 94 | 100 |
| Household Items | 98 | 97 | 100 |
| Education & Childcare | 96 | 93 | 100 |
Getting a feel for the cost of living in Guymon is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Guymon is 91, which is 9% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
The cost of living in Guymon aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Guymon residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Guymon affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Guymon, the median home price is 33.9% lower than the national average and monthly rent prices are 15.8% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Guymon boasting a median household income of $76,063, 6.5% lower than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Guymon comes in at 5.3% higher than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Guymon, the housing index is 28.4% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Guymon, healthcare costs are 0.5% higher than the national average.
The cost of living data for Guymon 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.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $96,337 | $8,028 | $2,248 | $2,890 |
| Renters | $64,249 | $5,354 | $1,499 | $1,928 |
| 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. |
| Optima, OK | 330 | 82 | 17.5% |
| Goodwell, OK | 1,149 | 87 | 13.3% |
| Hooker, OK | 1,559 | 87 | 13.1% |
| Guymon, OK | 11,761 | 91 | 9.0% |
| City | Population | Cost of Living Index | National Avg. |
| Branson, MO | 11,758 | 94 | 5.6% |
| Fredericksburg, TX | 11,758 | 113 | 12.8% |
| Cherry Creek, CO | 11,756 | 167 | 67.2% |
| Cantley, QC | 11,767 | n/a | |
| River Edge, NJ | 11,771 | 151 | 51.3% |
| Guymon, OK | 11,761 | 91 | 9.0% |
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