Verdigris 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.
IndexVerdigrisOklahomaNational
Cost of living index9786100
IndexVerdigrisOklahomaNational
Goods & Services index10194100
Groceries index9793100
Health care index9093100
Housing index9469100
Transportation index9588100
Utilities index9995100
Displayed above is a general overview of the Verdigris, OK cost of living index. The overall cost of living index in Verdigris, OK is 97, which is 13% higher than the Oklahoma average and 3% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Verdigris, OK are 8% higher than the Oklahoma average and 1% higher than the national average.

Did you know?

  • The cost of living in Verdigris is 13% higher than the Oklahoma average.
  • The cost of living in Verdigris is 3% lower than the national average.
  • The cost of housing in Verdigris is 6% 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.

Find Real Estate Listings In Verdigris

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Verdigris

Compare Verdigris, OK Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Verdigris, OK to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Verdigris, OK, you have to earn a higher income in order to still have the same standard of living. To operate the Verdigris, OK salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,014$5,918$1,657$2,131
Renters$36,500$3,042$852$1,095
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Verdigris, OK as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Verdigris, OK homeowners, is $71,014. This would allow for a maximum of $1,657 per month to be spent on housing costs. For renters, the median monthly income is $36,500 which would result in a maximum of $852 to be spent on rental costs.

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax
Oklahoma4.5%11%

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
Oklahoma0.5%5.25%
For those who live in Verdigris, OK and want to know what the true cost of living is, they ought to look at both the Oklahoma income tax rate and the Oklahoma sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Oklahoma, the sales tax is 4.5%, while the most you'll pay in surtax is 11%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Oklahoma, the income tax rate ranges between 0.5% to 5.25%.

Goods & Services

ItemVerdigrisNational avg.Difference
Haircut $12.44$15.5620.1%
Beauty Salon $33.89$36.116.1%
Toothpaste $2.35$2.475.0%
Shampoo $1.05$0.968.8%
Movie $9.57$10.135.5%
Bowling $10.83$4.74128.7%

Groceries

ItemVerdigrisNational avg.Difference
Ground Beef $3.87$3.982.9%
Fried Chicken $1.24$1.4111.6%
Milk $2.18$2.065.8%
Potatoes $3.00$2.980.7%
Pizza $9.14$9.473.6%
Beer $8.83$8.790.4%

Health Care

ItemVerdigrisNational avg.Difference
Optometrist $82.45$101.0418.4%
Doctor $108.44$107.440.9%
Dentist $68.83$90.4223.9%
Ibuprofen $9.06$9.282.4%
Lipitor $425.00$426.500.4%

Housing

ItemVerdigrisNational avg.Difference
Home Price $146,500.00$175,700.0016.6%
Avg. Mortgage Payment $713.13$1,133.2337.1%
Apartment Rent $1,078.00$920.0017.2%

Transportation

ItemVerdigrisNational avg.Difference
Gasoline $1.67$1.9916.1%
Tire Balancing $54.31$45.7618.7%

Utilities

ItemVerdigrisNational avg.Difference
All Electricity$136.36$163.8116.8%
Phone $34.19$28.3920.4%
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.
Foyil, OK28584-16%
Vera, OK13085-15%
Inola, OK1,83887-13%
Catoosa, OK7,40789-11%
Fair Oaks, OK4990-10%
Verdigris, OK4,11797-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Morrison, IL4,11885-15%
Colorado City, TX4,11874-26%
Beaufort, NC4,11999-1%
Barnesville, OH4,11582-18%
La Joya, TX4,11573-27%
Verdigris, OK4,11797-3%
Source: The Verdigris, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.