Midwest, OK

Very Low · 65

Oklahoma · Population 58,170 · Updated March 2026

$1,046
Median Rent / Month
$57,739
Median Income
$158,400
Median Home Value
$995
Owner Costs / Month

Affordability

How far your income goes in Midwest

21.7%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oklahoma

State-level tax rates that affect your costs

4.75%
Income Tax (Top Rate)
4.5%
Sales Tax
0.9%
Property Tax Rate

Estimated Annual Costs

$12,552
Annual Rent
$2,743
State Income Tax
$1,426
Property Tax (est.)

Cost of Living Overview

Midwest is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Midwest residents can expect to pay median rent of $1,046/month while earning a median household income of $57,739/year.

The median home value in Midwest, OK is $158,400, with typical monthly owner costs around $995 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.7% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oklahoma has a moderate income tax rate of 4.75%. Combined with a 4.5% sales tax rate and 0.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Midwest.

Frequently Asked Questions

Common questions about living costs in Midwest

What is the cost of living in Midwest, OK?
The cost of living index in Midwest, OK is 65 (US average = 100). Median monthly rent is $1,046, median household income is $57,739/year, and the median home value is $158,400.
Is Midwest, OK affordable?
Yes, Midwest is more affordable than the national average with a cost index of 65. The rent-to-income ratio is 21.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Midwest, OK?
The median gross rent in Midwest, OK is $1,046 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,552.
What is the median household income in Midwest?
The median household income in Midwest, OK is $57,739 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oklahoma?
Oklahoma has a top income tax rate of 4.75%, a sales tax of 4.5%, and an effective property tax rate of 0.9%.