Wagoner 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.
IndexWagonerOklahomaNational
Cost of living index8686100
IndexWagonerOklahomaNational
Goods & Services index9993100
Groceries index11197100
Health care index10095100
Housing index5869100
Transportation index8386100
Utilities index9495100
An overview of the general cost of living index for Wagoner, OK is displayed above for your reference. Residents in Wagoner, OK enjoy a cost of living index of 86. This index is equal to the Oklahoma average, and 14% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Wagoner, OK, the average cost of goods and services is 7% higher than it is in Oklahoma, and it is 1% lower than the national average.

Did you know?

  • The cost of living in Wagoner is equal to the Oklahoma average.
  • The cost of living in Wagoner is 14% lower than the national average.
  • The cost of housing in Wagoner is 42% 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 Wagoner, OK Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Wagoner, 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 Wagoner, OK, then you would need to earn more income in order to maintain the same standard of living. To use the Wagoner, 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$49,516$4,126$1,155$1,486
Renters$21,525$1,794$502$646
The affordability of the housing market in Wagoner, OK as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Wagoner, OK homeowners, the median income is $49,516. This indicates that a monthly maximum of $1,155 should be spent by homeowners on all housing related costs. Renters have a median income of $21,525. This indicates that renters should have a maximum of $502 used for their rent related monthly 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%
When you are determining the total cost of living in Wagoner, OK you will want to make sure you consider both the Oklahoma sales tax and the Oklahoma income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Oklahoma is 4.5%, with the highest surtax being 11%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Oklahoma have a range from 0.5% to 5.25%.

Goods & Services

ItemWagonerNational 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

ItemWagonerNational 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

ItemWagonerNational 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

ItemWagonerNational avg.Difference
Home Price $88,500.00$175,700.0049.6%
Avg. Mortgage Payment $892.34$1,081.0317.5%
Apartment Rent $685.00$920.0025.5%

Transportation

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

Utilities

ItemWagonerNational 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.
Murphy, OK16870-30%
Redbird, OK9277-23%
Cedar Crest, OK24074-26%
Mulberry, OK11975-25%
Porter, OK57282-18%
Wagoner, OK8,49986-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Florence, OR8,49811010%
Live Oak city, CA8,50011515%
New Richmond, WI8,50198-2%
St. Anthony, MN8,50111010%
Alliance, NE8,50181-19%
Wagoner, OK8,49986-14%
Source: The Wagoner, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.