Bethany cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBethanyOklahomaNational
Cost of living index8386100
IndexBethanyOklahomaNational
Goods & Services index9194100
Groceries index9193100
Health care index9093100
Housing index6969100
Transportation index8288100
Utilities index9095100
The above illustration supplies generalized information for the Bethany, OK cost of living index. Compared to other cities in Oklahoma and cities across the country, the cost of living index in Bethany, OK is 83, which is 3% lower than the Oklahoma average and 17% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Bethany, OK are 3% lower than the average for Oklahoma and 9% lower than the rest of the country.

Did you know?

  • The cost of living in Bethany is 3% lower than the Oklahoma average.
  • The cost of living in Bethany is 17% lower than the national average.
  • The cost of housing in Bethany is 31% lower than the national average.
  • Oklahoma general sales tax is 12% lower than the national average.
  • Oklahoma state income tax is 78% lower than the national average.

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Compare Bethany, OK Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Bethany, OK to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bethany, OK, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bethany, OK salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$54,812$4,568$1,279$1,645
Renters$27,878$2,323$650$836
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bethany, OK, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bethany, OK homeowners have a median income of $54,812. Using that number, you will come up with a maximum of $1,279 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $27,878, which means there is a maximum of $650 to be spent on the costs of renting a home or apartment.

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oklahoma4.5%11%

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
Oklahoma0.5%5.25%
When considering the overall cost of living expenses in Bethany, OK, it's important to take into account the sales tax for Oklahoma, as well as the rate for income tax in Oklahoma. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Oklahoma is 11%, and the sales tax in the state of Oklahoma is 4.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Oklahoma starts from 0.5% and goes up to 5.25%.

Goods & Services

ItemBethanyNational avg.Difference
Haircut $15.61$15.560.3%
Beauty Salon $34.83$36.113.5%
Toothpaste $1.61$2.4735.0%
Shampoo $0.95$0.961.2%
Movie $9.62$10.135.0%
Bowling $4.32$4.748.8%

Groceries

ItemBethanyNational avg.Difference
Ground Beef $3.37$3.9815.3%
Fried Chicken $1.30$1.417.8%
Milk $2.05$2.060.5%
Potatoes $2.59$2.9813.0%
Pizza $8.92$9.475.8%
Beer $7.73$8.7912.1%

Health Care

ItemBethanyNational avg.Difference
Optometrist $87.19$101.0413.7%
Doctor $83.97$107.4421.8%
Dentist $82.33$90.428.9%
Ibuprofen $9.25$9.280.3%
Lipitor $428.09$426.500.4%

Housing

ItemBethanyNational avg.Difference
Home Price $111,000.00$175,700.0036.8%
Avg. Mortgage Payment $764.71$1,133.2332.5%
Apartment Rent $750.00$920.0018.5%

Transportation

ItemBethanyNational avg.Difference
Gasoline $1.58$1.9920.5%
Tire Balancing $40.50$45.7611.5%

Utilities

ItemBethanyNational avg.Difference
All Electricity$141.91$163.8113.4%
Phone $27.00$28.394.9%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Valley Brook, OK67774-26%
Smith Village, OK6379-21%
Del City, OK21,75680-20%
Warr Acres, OK10,26882-18%
The Village, OK9,14789-11%
Bethany, OK19,39083-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alsip, IL19,3851055%
Mandan, ND19,38194-6%
DeBary, FL19,40497-3%
Chalmette, LA19,37591-9%
Central Falls, RI19,4061088%
Bethany, OK19,39083-17%
Source: The Bethany, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.