A
Overall 17%
Goods & Services 6%
Housing 45%
Find Homes Find Rentals
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.
IndexAltusOklahomaNational
Cost of living8386100
Goods & Services9493100
Groceries9395100
Health care11294100
Housing5569100
Transportation9395100
Utilities9395100

Key findings

  • The cost of living in Altus is 4% lower than the Oklahoma average
  • The cost of living in Altus is 17% lower than the national average
  • Altus housing is 45% 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

Most Affordable Places to Live in and Around Altus

See all the best places to live around Altus

Compare Altus, OK Cost of Living

      vs
      How would you rate the cost of living in Altus?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Altus?
      Write a review to give others more information about this area.
      See all Altus poll results

      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

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$58,111$4,843$1,356$1,744
      Renters$31,250$2,604$729$938
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Altus, OK, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Altus, homeowners have a median income of $58,111. Using that number, a maximum of $1,356 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $31,250, which means there is a maximum of $729 to be spent on the costs of renting a home or apartment.

      Oklahoma Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Oklahoma4.5%11%

      Oklahoma Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Oklahoma0.5%5%

      Goods & Services

      ItemAltusNational avg.Difference
      Haircut $11.99$20.2740.8%
      Beauty Salon $25.73$40.3936.3%
      Toothpaste $2.88$2.3622.2%
      Shampoo $1.25$1.0816.4%
      Movie $11.77$10.997.1%
      Bowling $12.79$15.4917.4%

      Groceries

      ItemAltusNational avg.Difference
      Ground Beef $4.19$4.302.5%
      Fried Chicken $1.55$1.4010.5%
      Milk $2.28$2.203.5%
      Potatoes $2.51$3.2221.9%
      Pizza $8.81$10.7417.9%
      Beer $8.96$9.606.6%

      Health Care

      ItemAltusNational avg.Difference
      Optometrist $119.65$109.739.0%
      Doctor $111.08$118.346.1%
      Dentist $136.53$100.9435.3%
      Ibuprofen $9.29$9.936.5%
      Lipitor $487.12$469.533.7%

      Housing

      ItemAltusNational avg.Difference
      Home Price $86,700.00$184,700.0053.1%
      Avg. Mortgage Payment $1,282.05$1,229.624.3%
      Apartment Rent $690.00$949.0027.3%

      Transportation

      ItemAltusNational avg.Difference
      Gasoline $2.48$2.718.6%
      Tire Balancing $49.55$51.864.5%

      Utilities

      ItemAltusNational avg.Difference
      All Electricity$146.88$170.8414.0%
      Phone $191.87$187.182.5%
      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

      CityPopulationCost of Living IndexNational Avg.
      Friendship, OK42955.3%
      Headrick, OK657525.3%
      Tipton, OK8427524.6%
      Olustee, OK6037723.4%
      Martha, OK1557822.5%
      Altus, OK19,4228317.3%

      Cities with similar population

      CityPopulationCost of Living IndexNational Avg.
      Albany, CA19,42018382.9%
      Port Angeles, WA19,4201087.7%
      Iselin, NJ19,41112323.1%
      West Chester, PA19,43412525.4%
      Bayshore Gardens, FL19,4099010.3%
      Altus, OK19,4228317.3%
      Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.