Nichols Hills, OK
Population 3,838 · Oklahoma
About Nichols Hills, OK
Nichols Hills is a small town located in Oklahoma with a population of 3,838 residents according to the latest US Census Bureau American Community Survey data. The median household income is $203,750 per year, which is 171% above the national median of $75,149. The median age of 44.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Nichols Hills features a median home value of $855,300, which is 249% above the national median of $244,900. This places Nichols Hills in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,444, 24% above the national average of $1,163/month. Of the 1,689 total housing units, 95% are owner-occupied (1,461 units) and 5% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Nichols Hills shows an unemployment rate of 0.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Nichols Hills have an average one-way commute time of 13.6 minutes, one of the shorter commutes in the region.
Education & Demographics
73.8% of Nichols Hills residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 6.3% Hispanic or Latino, 1.4% Black or African American, and 1.3% Asian residents, with 4.2% of the population being foreign-born.
How Nichols Hills Ranks in Oklahoma
Cost of Living in Nichols Hills, OK
Compared to national averages, Nichols Hills has a median household income of $203,750 (171% above the national median of $75,149). Home values average $855,300, which is 249% above the national median. Monthly rent at $1,444 is 24% above the US average of $1,163. Within Oklahoma, Nichols Hills's income is 261% above the state average of $56,382, and home values are 613% above the state median of $119,992.
Why Live in Nichols Hills, OK?
Nichols Hills offers a strong local economy with a median household income of $203,750, well above the national average, and a strong job market with an unemployment rate of just 0.3%, and a well-educated community where 73.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.3%, better than the national average, and short commute times averaging just 13.6 minutes.
Potential considerations include a competitive housing market where the typical home costs $855,300. However, Nichols Hills’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Nichols Hills has a population of 3,838 with a median age of 44.2 years. Compare Nichols Hills with other cities to see how it stacks up, or explore all cities in Oklahoma.
Similar Cities Near Nichols Hills
Cities in Oklahoma with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fort Gibson | 3,805 | $69,632 | $173,200 | Compare |
| Stilwell | 3,740 | $32,738 | $99,800 | Compare |
| Spencer | 3,942 | $57,550 | $119,000 | Compare |
| Madill | 3,966 | $47,022 | $101,400 | Compare |
| Elgin | 3,560 | $81,739 | $243,600 | Compare |
| Roland | 3,527 | $50,563 | $130,300 | Compare |
| Nowata | 3,522 | $39,853 | $84,200 | Compare |
| Slaughterville | 4,214 | $76,759 | $200,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oklahoma
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Nichols Hills With Other Cities
Frequently Asked Questions about Nichols Hills
What is the population of Nichols Hills, OK?
The population of Nichols Hills, OK is 3,838 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Oklahoma.
What is the median household income in Nichols Hills?
The median household income in Nichols Hills, OK is $203,750 per year, which is 171% above the national median of $75,149.
What is the median home value in Nichols Hills?
The median home value in Nichols Hills, OK is $855,300, which is 249% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Nichols Hills?
The median monthly rent in Nichols Hills, OK is $1,444, which is 24% above the national average of $1,163/month.
What is the unemployment rate in Nichols Hills?
The unemployment rate in Nichols Hills, OK is 0.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Nichols Hills, OK a good place to live?
Nichols Hills offers above-average incomes, a competitive housing market, and a strong job market. With a population of 3,838 and a median age of 44.2, the city appeals to a broad range of residents.
How educated is Nichols Hills, OK?
73.8% of residents in Nichols Hills aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Nichols Hills?
Key cost-of-living indicators for Nichols Hills, OK: median home value is $855,300 (249% above national), median rent is $1,444/month, and median household income is $203,750. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Nichols Hills?
The poverty rate in Nichols Hills, OK is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Nichols Hills, OK?
Nichols Hills's population is 1.0% White, 6.3% Hispanic or Latino, 1.4% Black or African American, 1.3% Asian, and 0.0% two or more races. 4.2% of residents are foreign-born.