Watonga 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.
Cost of living index7986100
Goods & Services index9694100
Groceries index9693100
Health care index9693100
Housing index4369100
Transportation index8688100
Utilities index9595100
Here we can see a simple outline of the cost of living in Watonga, OK. As you can see, with the average cost of living in Watonga, OK being 79, that puts it 8% lower than the average of Oklahoma and 21% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Watonga, OK, the price of goods and services are 2% higher than the average of Oklahoma as well as 4% lower than the nation's average.

Did you know?

  • The cost of living in Watonga is 8% lower than the Oklahoma average.
  • The cost of living in Watonga is 21% lower than the national average.
  • The cost of housing in Watonga is 57% 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 Watonga, 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 is meant to help you compare your salary in Watonga, OK to your potential earning power in another city. This can help you deduce what your salary would need to be in any given city in order for you to live the same lifestyle that you do in your current city. In other words, if you plan on moving to a city where the cost of living is higher than in Watonga, OK, you'll have to make more money in the new city in order to maintain the lifestyle you currently enjoy. To use the Watonga, OK salary calculator, simply input the new city, then move the adjustable slider to match your current income. Once you've selected your income, the calculator will determine if that income is sufficient to support your standard of living in the new city you entered. The calculator will also supply you with a rundown of living costs in the new city.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Watonga, 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 Watonga, OK homeowners, is $51,146. This would allow for a maximum of $1,193 per month to be spent on housing costs. For renters, the median monthly income is $14,450 which would result in a maximum of $337 to be spent on rental costs.

Oklahoma Sales Tax

StateGeneral Sales TaxWith Max Surtax

Oklahoma Income Tax

StateIncome Tax (Low)Income Tax (High)
For those who live in Watonga, 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

ItemWatongaNational avg.Difference
Haircut $15.33$15.561.5%
Beauty Salon $30.21$36.1116.3%
Toothpaste $2.21$2.4710.8%
Shampoo $0.98$0.961.6%
Movie $7.00$10.1330.9%
Bowling $4.33$4.748.5%


ItemWatongaNational avg.Difference
Ground Beef $3.97$3.980.3%
Fried Chicken $1.40$1.410.7%
Milk $2.09$2.061.4%
Potatoes $2.79$2.986.6%
Pizza $9.16$9.473.3%
Beer $8.64$8.791.7%

Health Care

ItemWatongaNational avg.Difference
Optometrist $109.89$101.048.8%
Doctor $118.17$107.4410.0%
Dentist $77.00$90.4214.8%
Ibuprofen $8.82$9.284.9%
Lipitor $403.20$426.505.5%


ItemWatongaNational avg.Difference
Home Price $67,600.00$175,700.0061.5%
Avg. Mortgage Payment $954.08$1,133.2315.8%
Apartment Rent $505.00$920.0045.1%


ItemWatongaNational avg.Difference
Gasoline $1.75$1.9912.0%
Tire Balancing $37.98$45.7617.0%


ItemWatongaNational avg.Difference
All Electricity$153.23$163.816.5%
Phone $28.00$28.391.4%
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.
Hitchcock, OK10372-28%
Geary, OK1,19772-28%
Greenfield, OK9778-22%
Canton, OK60079-21%
Watonga, OK2,99379-21%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
La Fayette, AL2,99387-13%
Peterborough, NH2,99311212%
Savanna, IL2,99381-19%
Midway South, TX2,99471-29%
Lake Pocotopaug, CT2,99412020%
Watonga, OK2,99379-21%
Source: The Watonga, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.