Cost of Living in Hoffman, OK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
71.5
100 = national avg
-28.5 vs national average
Living Wage (1 Adult)
$31,441
per year
Living Wage (Family of 4)
$74,314
per year
Cost Index by Category
Housing67.9
Food77.2
Transportation78.5
Healthcare81.8
Utilities79.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$766
per month
2 Bedroom
$937
per month
The overall cost of living index in Hoffman is 71.5, which is 28.5% below the national average. Housing costs are below the national average at an index of 67.9. A single adult needs to earn approximately $31,441 per year to cover basic expenses.