Cost of Living in Spencer, OK

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19%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
52%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Spencer Oklahoma National
Cost of living8188100
Groceries9696100
Health care9595100
Housing4870100
Transportation9596100
Utilities9796100
Lifestyle & Entertainment9494100
Household Items9597100
Education & Childcare9293100
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Homes For Sale In Spencer, OK

property for sale

3100 Hicks Ave

Spencer, OK
property for sale

Texas Ave

, OK
property for sale

8514 NE 34th Pl

Spencer, OK
property for sale

8506 NE 34th Pl

Spencer, OK
See the Newest Homes For Sale In Spencer, OK

Cost Of Living Quick Facts

  • The cost of living in Spencer is 8% lower than the Oklahoma average
  • The cost of living in Spencer is 19% lower than the national average
  • Spencer housing is 52% lower than the national average
  • Oklahoma general sales tax is 12% lower than the national average
  • Oklahoma state income tax is 90% lower than the national average

Most Affordable Places to Live in and Around Spencer

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Compare Spencer, OK Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$78,737$6,561$1,837$2,362
      Renters$32,199$2,683$751$966
      A good indicator of the general affordability of housing in Spencer, OK, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Spencer, the median monthly income is $78,737 for those who own their own homes. Under the standard rule, that income level would allow for $1,837 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $32,199, per the median income in the area. That would allow for renters to spend up to $751 on monthly rental expenses.

      Oklahoma Sales Tax

      State General Sales Tax With Max Surtax
      Oklahoma 4.5% 11%

      Oklahoma Income Tax

      State Income Tax (Low) Income Tax (High)
      Oklahoma 0.25% 4.75%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Valley Brook, OK9387920.6%
      Smith Village, OK758118.7%
      Arcadia, OK1398217.8%
      Del City, OK22,5948415.6%
      McLoud, OK4,1478812.1%
      Spencer, OK4,1338119.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Le Sueur, MN4,135945.6%
      Venus, TX4,130991.2%
      Dutton/Dunwich, ON4,136n/a 
      Pleasant Hills, MD4,12914140.8%
      Madill, OK4,1378515.4%
      Spencer, OK4,1338119.0%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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