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Mallard Bay, OK is a small town located in Oklahoma with a population around 500 people. It is known for its scenic views and peaceful atmosphere. The cost of living is quite low in comparison to the rest of the country. 2 Bedroom Rent in Mallard Bay, OK averages $1,430 which is lower than that of the US average. The Grocery Cost Index in Mallard Bay, OK is also lower than the US average at 100. There are several local businesses such as Mallard Brothers Grocers, Mallard Bay Farms, and Feather's Bakery where locals can purchase their goods at an affordable cost. All together these factors make Mallard Bay an ideal place for those looking for a low-cost lifestyle with plenty to do and plenty of relaxation.