salaryRent is lower than in 75% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are short, about 14 minutes.
How much money do I need?
To rent here comfortably, you should earn about $48,680 a year. That is $23 an hour at a full-time job.
Is rent cheaper than other Oklahoma cities?
No. Rent here is more expensive than in most of Oklahoma. It is number 55 of 75 cities from cheapest to most expensive.
How much do households earn in Elk City?
Share of households by yearly income. 14.8% of households earn $100,000 or more.
Rent by apartment size in Elk City
| Size | Elk City | U.S. average |
|---|---|---|
| Studio | $578 | $1,338 |
| 1 bedroom | $575 | $1,324 |
| 2 bedrooms | $1,013 | $1,509 |
| 3 bedrooms | $1,079 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Elk City overall?
Everyday prices in Oklahoma overall are 12% below the U.S. average (index 87.8, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Elk City, so the Oklahoma figure is shown.
Taxes and bills in Elk City
Life in Elk City
Is it cheaper to rent or buy in Elk City?
Buying is cheaper month to month: about $173 a month less than renting.
Owning assumes a typical $150,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $15,040 for the down payment.
Frequently asked questions
What is the average rent in Elk City, OK?
Renting in Elk City costs a median of about $1,217 a month in 2026, including utilities. The Oklahoma median is $1,069.
How much do I need to make to live in Elk City?
To keep rent under 30% of income, you need about $48,680 a year, or $23 an hour at a full-time job.
Is Elk City cheap or expensive?
Elk City is rated OK: rent takes 26.4% of the typical household income of $55,297. It ranks 55th cheapest of 75 Oklahoma cities we track.
How much are property taxes in Elk City?
The median homeowner in Elk City pays $1,357 a year in property taxes, about 0.90% of the median home value.
Is Elk City more expensive than the national average?
Overall prices in Oklahoma are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Elk City?
The median home value in Elk City is $150,400, about 2.7 times the typical yearly household income.
11,361 people live in Elk City. Numbers are typical (middle) values.