Hoffman, OK Cost of Living


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Hoffman cost of living score
75.3
Less expensive
24.7% lower
than the US average
8.4% lower
than the Oklahoma average
Hoffman, Oklahoma gets a BestPlaces Cost of Living score of 75.3, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 24.7% lower than the U.S. average and 8.4% higher than the average for Oklahoma.

Hoffman, OK

Housing costs in Hoffman?
A typical home costs $77,400, which is 77.1% less expensive than the national average of $338,100 and 55.7% less expensive than the average Oklahoma home, at $174,600. Renting a two-bedroom unit in Hoffman costs $800 per month, which is 44.1% cheaper than the national average of $1,430 and 16.3% cheaper than the state average of $930.

Can I afford Hoffman?
To live comfortably in Hoffman, Oklahoma, a minimum annual income of $14,760 for a family, and $24,400 for a single person is recommended.

What does A.I. say about Hoffman?
The cost of living in Hoffman, OK is quite reasonable. The median home price in the city is $72,000, which is substantially lower than the national average. Additionally, the cost of groceries and other necessities are also quite affordable. The overall cost of living index for Hoffman is 79.4, which is well below the national average of 100. This makes it a great option for people looking for an affordable place to live and raise a family without sacrificing quality or lifestyle.
   Cost of living score
     CategoriesHoffmanOklahomaUnited States
  75.382.2100.0
  90.292.3100
  111.8113.8100.0
  19.350.3100.0
  $77,400$174,600$338,100
  98.0%99.7%100.0%
  97.989.2100.0
  75.083.2100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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