Cost Of Living in Hobart, OK

A+

23%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

61%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Hobart	Oklahoma	National
Cost of living	77	86	100
Goods & Services	90	91	100
Groceries	95	94	100
Health care	97	93	100
Housing	39	69	100
Transportation	94	93	100
Utilities	98	98	100

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Cost Of Living Quick Facts

The cost of living in Hobart is 11% lower than the Oklahoma average
The cost of living in Hobart is 23% lower than the national average
Hobart housing is 61% lower than the national average
Oklahoma general sales tax is 12% lower than the national average
Oklahoma state income tax is 89% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$43,250	$3,604	$1,009	$1,298
Renters	$17,374	$1,448	$405	$521

A good indicator of the general affordability of housing in Hobart, OK, 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 Hobart, the median monthly income is $43,250 for those who own their own homes. Under the standard rule, that income level would allow for $1,009 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $17,374, per the median income in the area. That would allow for renters to spend up to $405 on monthly rental expenses.

Oklahoma Sales Tax

State	General Sales Tax	With Max Surtax
Oklahoma	4.5%	11%

Oklahoma Income Tax

State	Income Tax (Low)	Income Tax (High)
Oklahoma	0.25%	4.75%

Goods & Services

Item	Hobart	National avg.	Difference
Haircut	$18.44	$24.26	24.0%
Beauty Salon	$40.04	$45.56	12.1%
Toothpaste	$3.53	$3.70	4.6%
Shampoo	$1.24	$1.28	3.3%
Movie	$11.19	$12.13	7.7%
Bowling	$16.67	$18.00	7.4%

Groceries

Item	Hobart	National avg.	Difference
Ground Beef	$6.10	$5.84	4.5%
Fried Chicken	$1.39	$1.57	11.6%
Milk	$4.54	$4.67	2.8%
Potatoes	$4.93	$4.93	0.1%
Pizza	$12.10	$12.09	0.1%
Beer	$9.83	$10.41	5.6%

Health Care

Item	Hobart	National avg.	Difference
Optometrist	$119.30	$125.68	5.1%
Doctor	$100.35	$135.78	26.1%
Dentist	$102.46	$113.29	9.6%
Ibuprofen	$10.38	$10.65	2.6%
Lipitor	$511.35	$468.60	9.1%

Housing

Item	Hobart	National avg.	Difference
Home Price	$49,000.00	$184,700.00	73.5%
Avg. Mortgage Payment	$2,086.56	$2,346.69	11.1%
Apartment Rent	$653.00	$949.00	31.2%

Transportation

Item	Hobart	National avg.	Difference
Gasoline	$3.10	$3.46	10.5%
Tire Balancing	$62.19	$59.92	3.8%

Utilities

Item	Hobart	National avg.	Difference
All Electricity	$182.99	$193.99	5.7%
Phone	$193.02	$192.25	0.4%

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	Population	Cost of Living Index	National Avg.
Cooperton, OK	6	93	7.0%
Roosevelt, OK	232	74	26.1%
Lone Wolf, OK	422	77	22.8%
Rocky, OK	218	78	22.4%
Gotebo, OK	239	80	20.5%
Hobart, OK	3,460	77	23.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
High Bridge, NJ	3,460	118	18.3%
Trevose, PA	3,460	115	14.5%
Seymour, WI	3,459	90	9.6%
Poteet, TX	3,462	84	15.7%
Wilkesboro, NC	3,457	92	8.0%
Hobart, OK	3,460	77	23.1%