Henryetta 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.
IndexHenryettaOklahomaNational
Cost of living index8286100
IndexHenryettaOklahomaNational
Goods & Services index9993100
Groceries index11197100
Health care index10095100
Housing index4569100
Transportation index8386100
Utilities index9495100
A general overview of the cost of living index for Henryetta, OK is displayed above. In Henryetta, OK, the overall cost of living index is 82, which is 5% lower than the Oklahoma average and 18% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Henryetta, OK, the city's goods and services are 7% higher than the Oklahoma average and 1% lower than the U.S. average.

Did you know?

  • The cost of living in Henryetta is 5% lower than the Oklahoma average.
  • The cost of living in Henryetta is 18% lower than the national average.
  • The cost of housing in Henryetta is 55% 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 Henryetta, OK Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Henryetta, OK would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Henryetta, OK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Henryetta, OK salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$42,000$3,500$980$1,260
Renters$27,264$2,272$636$818
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Henryetta, 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 Henryetta, OK homeowners have a median income of $42,000. Using that number, you will come up with a maximum of $980 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $27,264, which means there is a maximum of $636 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 assessing the complete cost of living in Henryetta, 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

ItemHenryettaNational avg.Difference
Haircut $13.33$14.598.7%
Beauty Salon $25.00$34.6827.9%
Toothpaste $2.18$2.4711.9%
Shampoo $1.11$1.028.6%
Movie $9.50$9.873.7%
Bowling $5.00$4.3913.9%

Groceries

ItemHenryettaNational avg.Difference
Ground Beef $4.71$4.485.2%
Fried Chicken $1.36$1.467.1%
Milk $2.49$2.365.7%
Potatoes $3.02$3.061.4%
Pizza $8.66$9.246.3%
Beer $7.99$8.637.4%

Health Care

ItemHenryettaNational avg.Difference
Optometrist $84.00$99.7815.8%
Doctor $90.33$105.0314.0%
Dentist $86.33$88.702.7%
Ibuprofen $12.48$9.4132.6%
Lipitor $332.85$298.5011.5%

Housing

ItemHenryettaNational avg.Difference
Home Price $60,400.00$175,700.0065.6%
Avg. Mortgage Payment $892.34$1,081.0317.5%
Apartment Rent $634.00$920.0031.1%

Transportation

ItemHenryettaNational avg.Difference
Gasoline $1.91$2.098.9%
Tire Balancing $26.67$45.2941.1%

Utilities

ItemHenryettaNational avg.Difference
All Electricity$156.60$170.808.3%
Phone $27.28$28.263.5%
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.
Clearview, OK3277-23%
Weleetka, OK99778-22%
Dustin, OK33979-21%
Hoffman, OK14079-21%
Wetumka, OK1,23179-21%
Henryetta, OK5,84882-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bay Harbor Islands, FL5,84711515%
Richwood, LA5,84678-22%
Simsbury Center, CT5,84313333%
Covington, VA5,85382-18%
Watchung, NJ5,85518383%
Henryetta, OK5,84882-18%
Source: The Henryetta, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.