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Crunching costs, sorting signals, rendering insights.
Crunching costs, sorting signals, rendering insights.
These cities are a genuine bargain: 2 of the 2 cities in this ranking come in below the national cost-of-living average. Oklahoma leads at an index of 73 with rent at just $1,255/month — 34% less than the $1,895 national median. Here are the numbers, sourced from federal data updated in 2026.
These cities are a genuine bargain: 2 of the 2 cities in this ranking come in below the national cost-of-living average. Oklahoma leads at an index of 73 with rent at just $1,255/month — 34% less than the $1,895 national median. Here are the numbers, sourced from federal data updated in 2026.
Here's Oklahoma by the numbers — and there's a lot to like (and a little to watch). Cost index: 73. Rent: $1,255/month. Income: $66,702/year. Home price: $203,329. Population: 702,767. The strongest category is Housing at 73; the most expensive is Healthcare at 95. Translate that rent to annual numbers, and residents are saving renters $7,680 per year vs. the national median. Over thirty years of homeownership, the property tax savings alone are staggering (your mileage may vary — literally).
In plain English: If you're ready to act on this, three things to do next: 1) Click into the city pages for the top 3 and check rent trends — direction matters more than the snapshot. And depending on your situation, 2) Run your income through the salary calculator for a personalized cost comparison. 3) Compare your top two picks head-to-head on our comparison page. The data is here; the decision is yours.
#1 Ranked: Oklahoma, OK — cost index 73, rent $1,255/mo, income $66,702
2 of 2 cities come in below the national cost-of-living average of 111
Data sourced from Census Bureau, Zillow, BLS, and Tax Foundation — current as of 2026
| Rank | City | Cost Index | Median Rent | |
|---|---|---|---|---|
| 1 | OklahomaOK | 73 | $1,255 | Details |
| 2 | MilwaukeeWI | 82 | $1,398 | Details |
702,767 residents · Oklahoma
A closer look at Oklahoma: the cost index of 73 breaks down to a Housing index of 73 (strongest category) and a Healthcare index of 95 (weakest). About what you'd guess. Median rent is $1,255/month — 34% below the national median — while household income sits at $66,702, meaning locals spend about 23% of income on rent. That's a healthy margin by any standard. One to watch.
561,385 residents · Wisconsin
Why Milwaukee ranks #2: the numbers tell a clear story. That tracks. At 82 on the cost index, residents save roughly 29% less than the typical American. Rent sits at $1,398/month while the median household pulls in $51,888/year. The Housing category is particularly strong at 82, though Healthcare (96) lags behind. Home prices average $216,278 — $251,092 below the national median (more on that below).
Our cost of living index uses real Zillow rent data as the foundation, indexed to 100 (national median). Sub-categories (housing, food, transport, utilities, healthcare) are derived from the overall index with regional adjustments. Data is updated monthly.
Oklahoma (ranked #1) has a cost index of 73 and rent of $1,255/mo, while Milwaukee (ranked #2) has a cost index of 82 and rent of $1,398/mo — a 9-point difference in cost of living.
City data is refreshed monthly from Census Bureau population estimates, Zillow rent and home price indices, BLS salary data, and Tax Foundation tax rates. Last updated: 2026.
The median 1-bedroom rent in Oklahoma is $1,255/month as of 2026, based on Zillow's Observed Rent Index. This is $640 below the national median of $1,895/month.
The median home price in Oklahoma is $203,329, which is 3.0× the local median income. That's within the standard 3.5× affordability rule for most local earners. The national median home price is $467,370.
This ranking was generated using data current as of early 2026. Population and income data comes from the Census Bureau's American Community Survey (5-year estimates). Rent and home price data is from Zillow's monthly releases. Tax rates are from the Tax Foundation's 2025 edition. Rankings are refreshed monthly.