Oklahoma City vs Austin: Cost of Living & Housing Comparison
On median home value, Oklahoma City comes in at $196,700 — 57% lower than Austin, where the median is $461,500.
Typical households bring in $64,251 a year in Oklahoma City, versus $86,556 in Austin.
Oklahoma City's median rent sits at $1,012, against $1,549 in Austin.
FEMA rates both cities' overall hazard risk as "Relatively High."
| Metric | Oklahoma City, OK | Austin, TX |
|---|---|---|
| Population | 681,088 | 958,202 |
| Median home value | $196,700 | $461,500 |
| Median household income | $64,251 | $86,556 |
| Median gross rent | $1,012 | $1,549 |
| Climate risk (FEMA) | Relatively High | Relatively High |
Oklahoma City, OK comes out ahead on housing affordability versus Austin, TX, with both a lower median home value and lower rent. Housing only — not the full cost-of-living picture.
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Sources: U.S. Census Bureau American Community Survey; FEMA National Risk Index
Data last updated July 2026.