Warr Acres 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.
IndexWarr AcresOklahomaNational
Cost of living index8386100
IndexWarr AcresOklahomaNational
Goods & Services index9293100
Groceries index9097100
Health care index9795100
Housing index6469100
Transportation index8886100
Utilities index9495100
A general summary of the cost of living index in Warr Acres, OK is shown above. Compared to the state average of Oklahoma the cost of living index in Warr Acres, OK is 83, which is 3% lower than the average in Oklahoma and compared to the national average it is 17% 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 Warr Acres, OK goods and services come in at 1% lower than the average in Oklahoma and are 9% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Warr Acres is 3% lower than the Oklahoma average.
  • The cost of living in Warr Acres is 17% lower than the national average.
  • The cost of housing in Warr Acres is 36% 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 Warr Acres

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Warr Acres

Compare Warr Acres, 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
The salary calculator allows you to compare how much your current salary in Warr Acres, 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 Warr Acres, OK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Warr Acres, 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$54,857$4,571$1,280$1,646
Renters$27,272$2,273$636$818
One can approximate the cost of living and the housing affordability in Warr Acres, OK by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Warr Acres, OK have a median income of $54,857. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,280 per month to avoid calamity and poverty. The renters in the city have an income of about $27,272, which would make their monthly maximum allowable rental costs $636.

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 Warr Acres, 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

ItemWarr AcresNational avg.Difference
Haircut $14.75$14.591.1%
Beauty Salon $36.44$34.685.1%
Toothpaste $1.84$2.4725.6%
Shampoo $0.99$1.023.1%
Movie $8.82$9.8710.6%
Bowling $4.07$4.397.3%

Groceries

ItemWarr AcresNational avg.Difference
Ground Beef $4.55$4.481.6%
Fried Chicken $1.66$1.4613.4%
Milk $2.55$2.368.2%
Potatoes $2.48$3.0619.0%
Pizza $8.99$9.242.7%
Beer $7.98$8.637.6%

Health Care

ItemWarr AcresNational avg.Difference
Optometrist $98.25$99.781.5%
Doctor $83.21$105.0320.8%
Dentist $92.00$88.703.7%
Ibuprofen $9.40$9.410.1%
Lipitor $315.21$298.505.6%

Housing

ItemWarr AcresNational avg.Difference
Home Price $99,300.00$175,700.0043.5%
Avg. Mortgage Payment $789.38$1,081.0327.0%
Apartment Rent $740.00$920.0019.6%

Transportation

ItemWarr AcresNational avg.Difference
Gasoline $1.78$2.0915.0%
Tire Balancing $43.00$45.295.0%

Utilities

ItemWarr AcresNational avg.Difference
All Electricity$153.59$170.8010.1%
Phone $28.01$28.260.9%
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.
Valley Brook, OK67775-25%
Smith Village, OK6380-20%
Spencer, OK3,97981-19%
Del City, OK21,75681-19%
Midwest City, OK55,96483-17%
Warr Acres, OK10,26883-17%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
River Grove, IL10,2681066%
Jennings, LA10,26582-18%
Satellite Beach, FL10,26211212%
Bohemia, NY10,27514848%
Jesup, GA10,27588-12%
Warr Acres, OK10,26883-17%
Source: The Warr Acres, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.