Altus, OK, offers a cost of living index that is lower than the nationwide average. Specifically, Altus's cost of living index stands at 85 compared to the baseline of 100 for the nationwide average. This means residents in Altus can expect to spend less on overall living expenses. Lower housing costs, at 75, and modest expenses in utilities and miscellaneous categories contribute to this favorable comparison.
Altus, Oklahoma, has a cost of living index that reflects both its affordability and potential savings for residents. Compared to the nationwide average, Altus's overall cost of living is 88. This means that, on average, living in Altus costs about 12% less than in other parts of the country. For example, housing costs in Altus are notably lower, with an index of 75. This represents a 25% decrease from the national average of 100.
When looking at specific categories, Altus shows some areas where costs are slightly lower and others that are close to the national average. Groceries in Altus have an index of 85, which is 15% less than the national average. Utilities cost slightly less, with an index of 90, which means they are 10% lower than the nationwide average. Transportation, with an index of 80, reflects 20% savings. Healthcare costs are slightly higher in Altus, with an index of 95, just 5% above the national average. Miscellaneous expenses have an index of 90, showing a 10% lower cost compared to the national average. Overall, Altus provides a cost-effective living environment for many essential needs.
