Housing costs in Arkoma?
A typical home costs
$78,600, which is 76.8% less expensive than the national average of
$338,100 and 55.0% less expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Arkoma costs
$720 per month, which is 22.6% cheaper than the national average of
$930 and 9.7% cheaper than the state average of
$790.
Can I afford Arkoma?
To live comfortably in Arkoma (zip 74901), Oklahoma, a minimum annual income of
$15,120 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Arkoma?
The cost of living in 74901 Arkoma, OK is fairly low. As of July 2020, the median home value in 74901 was $87,800; this is much lower than the national average of $231,200. Additionally, the cost of goods and services is 1.3% lower than the national average. This means that residents can expect to save money on groceries, transportation, medical costs, and more when compared to other regions in the United States. Furthermore, unemployment rates are also below average in the area – 6.2%, which is 2% less than the national average – making it easier for people to find jobs and make a good living. All in all, 74901 Arkoma's cost of living makes it an attractive place to settle down and live comfortably without breaking the bank.