Blanchard 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.
IndexBlanchardOklahomaNational
Cost of living index9286100
IndexBlanchardOklahomaNational
Goods & Services index9194100
Groceries index9293100
Health care index8893100
Housing index9769100
Transportation index8188100
Utilities index9495100
A general summary of the cost of living index in Blanchard, OK is shown above. Compared to the state average of Oklahoma the cost of living index in Blanchard, OK is 92, which is 7% higher than the average in Oklahoma and compared to the national average it is 8% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Blanchard, OK goods and services come in at 3% lower than the average in Oklahoma and are 9% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Blanchard is 7% higher than the Oklahoma average.
  • The cost of living in Blanchard is 8% lower than the national average.
  • The cost of housing in Blanchard is 3% 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 Blanchard, OK Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Blanchard, OK to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Blanchard, OK, then you would need to earn more income in order to maintain the same standard of living. To use the Blanchard, OK salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$73,214$6,101$1,708$2,197
Renters$27,107$2,259$632$813
If you want to find a good determining factor for the cost of living and the general affordability of housing in Blanchard, OK, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Blanchard, OK, the median monthly income is $73,214 for those who own their own homes. Under the standard rule, that income level would allow for $1,708 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $27,107, per the median income in the area. That would allow for renters to spend up to $632 on monthly rental expenses.

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 assessing the complete cost of living in Blanchard, OK, the Oklahoma income tax and the Oklahoma sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Oklahoma maximum surtax is 11%, and the Oklahoma sales tax is 4.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.5% to 5.25% in Oklahoma.

Goods & Services

ItemBlanchardNational avg.Difference
Haircut $13.78$15.5611.5%
Beauty Salon $22.88$36.1136.6%
Toothpaste $1.76$2.4728.7%
Shampoo $0.92$0.965.0%
Movie $9.36$10.137.5%
Bowling $8.75$4.7484.8%

Groceries

ItemBlanchardNational avg.Difference
Ground Beef $3.99$3.980.1%
Fried Chicken $1.53$1.419.0%
Milk $2.03$2.061.8%
Potatoes $2.81$2.985.7%
Pizza $8.99$9.475.1%
Beer $7.73$8.7912.1%

Health Care

ItemBlanchardNational avg.Difference
Optometrist $80.57$101.0420.3%
Doctor $108.64$107.441.1%
Dentist $67.87$90.4224.9%
Ibuprofen $8.51$9.288.3%
Lipitor $399.90$426.506.2%

Housing

ItemBlanchardNational avg.Difference
Home Price $186,100.00$175,700.005.9%
Avg. Mortgage Payment $824.28$1,133.2327.3%
Apartment Rent $691.00$920.0024.9%

Transportation

ItemBlanchardNational avg.Difference
Gasoline $1.68$1.9915.7%
Tire Balancing $34.16$45.7625.4%

Utilities

ItemBlanchardNational avg.Difference
All Electricity$143.22$163.8112.6%
Phone $29.08$28.392.4%
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.
Amber, OK35279-21%
Dibble, OK97980-20%
Cole, OK60384-16%
Washington, OK61386-14%
Moore, OK57,56386-14%
Blanchard, OK7,62592-8%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Belgrade, MT7,625100-0%
Lander, WY7,62797-3%
St. Martin, MS7,62792-8%
Monessen, PA7,63081-19%
Heath, TX7,62013838%
Blanchard, OK7,62592-8%
Source: The Blanchard, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.