| Index | Mustang | Oklahoma | National |
| Cost of living | 97 | 88 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 95 | 95 | 100 |
| Housing | 100 | 70 | 100 |
| Transportation | 99 | 96 | 100 |
| Utilities | 97 | 96 | 100 |
| Lifestyle & Entertainment | 95 | 94 | 100 |
| Household Items | 94 | 97 | 100 |
| Education & Childcare | 92 | 93 | 100 |
Understanding the cost of living in Mustang can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Mustang cost of living index is 97, which is 3% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Mustang 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 Mustang can anticipate that their daily expenses will remain reasonably in line with those of an average city, contributing to a manageable cost of living.
Wondering if Mustang is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Mustang, for example, the median home price is 4.8% lower than what folks pay nationally, and monthly rent is 10% higher than the usual rates. Plus, income levels matter too, with Mustang boasting a median household income of $110,322, which is 35.6% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from 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 crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
Groceries: Over the past 2-3 years, grocery expenses have experienced substantial upward trends. In certain markets, food prices have surged by over 20% during this period, while others have witnessed more modest increases. These fluctuations in food costs can wield significant influence over the overall cost of living in a given region. In Mustang, the groceries index is 5.3% lower than the national average.
The cost of living data for Mustang 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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| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $129,712 | $10,809 | $3,026 | $3,892 |
| Renters | $64,548 | $5,379 | $1,506 | $1,937 |
| 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. |
| Valley Brook, OK | 938 | 79 | 20.6% |
| Pocasset, OK | 136 | 81 | 19.3% |
| Minco, OK | 1,838 | 82 | 18.1% |
| Warr Acres, OK | 10,425 | 87 | 12.8% |
| El Reno, OK | 20,289 | 88 | 12.4% |
| Mustang, OK | 22,986 | 97 | 3.3% |
| City | Population | Cost of Living Index | National Avg. |
| Hudson, OH | 22,996 | 128 | 27.6% |
| Waynesboro, VA | 23,002 | 101 | 1.4% |
| South Lake Tahoe, CA | 23,049 | 131 | 30.5% |
| Middletown, DE | 23,057 | 117 | 16.9% |
| Watertown, SD | 22,909 | 96 | 4.5% |
| Mustang, OK | 22,986 | 97 | 3.3% |
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