Housing costs in Spencer?
A typical home costs
$119,100, which is 64.8% less expensive than the national average of
$338,100 and 31.8% less expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Spencer costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 6.9% cheaper than the state average of
$930.
Can I afford Spencer?
To live comfortably in Spencer, Oklahoma, a minimum annual income of
$22,680 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Spencer?
The cost of living in Spencer, OK is relatively low compared to other cities in the surrounding area. Property taxes are among some of the lowest in the region. The median home value is around $99,000 which is lower than the national average. Utilities are also affordable, with electricity and gas prices being significantly lower than the U.S. average rates. Groceries are slightly more expensive than elsewhere, but still remain within a reasonable range for most people. Overall, Spencer is an affordable city to live in and provides a great quality of life for its residents.