Cost of Living in Homestead, OK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
59.5
100 = national avg
-40.5 vs national average
Living Wage (1 Adult)
$26,198
per year
Living Wage (Family of 4)
$61,922
per year
Cost Index by Category
Housing52.1
Utilities85.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$746
per month
2 Bedroom
$979
per month
The overall cost of living index in Homestead is 59.5, which is 40.5% below the national average. Housing costs are below the national average at an index of 52.1. A single adult needs to earn approximately $26,198 per year to cover basic expenses.