Ada, Oklahoma Cost Of Living

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A-

14%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

42%

Housing NAT. AVG.

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Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Ada	Oklahoma	National
Cost of living	86	86	100
Goods & Services	98	93	100
Groceries	106	95	100
Health care	86	94	100
Housing	58	69	100
Transportation	95	95	100
Utilities	97	95	100

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Key findings

The cost of living in Ada is equal to the Oklahoma average
The cost of living in Ada is 14% lower than the national average
Ada housing is 42% lower than the national average
Oklahoma general sales tax is 12% lower than the national average
Oklahoma state income tax is 80% 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	$56,828	$4,736	$1,326	$1,705
Renters	$24,462	$2,039	$571	$734

A good indicator of the general affordability of housing in Ada, 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 Ada, the median monthly income is $56,828 for those who own their own homes. Under the standard rule, that income level would allow for $1,326 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $24,462, per the median income in the area. That would allow for renters to spend up to $571 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	0.5%	5%

Goods & Services

Item	Ada	National avg.	Difference
Haircut	$18.59	$20.27	8.3%
Beauty Salon	$29.05	$40.39	28.1%
Toothpaste	$2.02	$2.36	14.4%
Shampoo	$1.14	$1.08	6.0%
Movie	$11.88	$10.99	8.1%
Bowling	$13.39	$15.49	13.6%

Groceries

Item	Ada	National avg.	Difference
Ground Beef	$4.12	$4.30	4.1%
Fried Chicken	$2.01	$1.40	44.0%
Milk	$2.05	$2.20	7.1%
Potatoes	$3.25	$3.22	0.9%
Pizza	$11.35	$10.74	5.7%
Beer	$8.93	$9.60	6.9%

Health Care

Item	Ada	National avg.	Difference
Optometrist	$106.82	$109.73	2.6%
Doctor	$90.45	$118.34	23.6%
Dentist	$92.69	$100.94	8.2%
Ibuprofen	$10.23	$9.93	3.0%
Lipitor	$333.52	$469.53	29.0%

Housing

Item	Ada	National avg.	Difference
Home Price	$101,100.00	$184,700.00	45.3%
Avg. Mortgage Payment	$810.90	$1,229.62	34.1%
Apartment Rent	$618.00	$949.00	34.9%

Transportation

Item	Ada	National avg.	Difference
Gasoline	$2.75	$2.71	1.3%
Tire Balancing	$44.37	$51.86	14.4%

Utilities

Item	Ada	National avg.	Difference
All Electricity	$159.15	$170.84	6.8%
Phone	$192.55	$187.18	2.9%

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	Population	Cost of Living Index	National Avg.
Hickory, OK	115	78	21.5%
Stonewall, OK	397	79	20.6%
Tupelo, OK	342	80	20.4%
Sasakwa, OK	108	80	20.2%
Konawa, OK	1,389	76	24.0%
Ada, OK	17,240	86	13.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Cimarron Hills, CO	17,240	101	1.5%
Fish Hawk, FL	17,241	119	19.5%
Canby, OR	17,218	116	16.5%
Buckhall, VA	17,218	136	35.6%
North Babylon, NY	17,212	140	40.0%
Ada, OK	17,240	86	13.9%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.