A+
Overall 27%
Goods & Services 12%
Housing 73%
Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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.
IndexBillingsOklahomaNational
Cost of living7386100
Goods & Services8893100
Groceries9794100
Health care8895100
Housing2769100
Transportation10092100
Utilities9995100

Key findings

  • The cost of living in Billings is 15% lower than the Oklahoma average
  • The cost of living in Billings is 27% lower than the national average
  • Billings housing is 73% 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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Compare Billings, OK Cost of Living

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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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$35,000$2,917$817$1,050
      Renters$13,000$1,083$303$390

      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

      ItemBillingsNational avg.Difference
      Haircut $12.00$18.6235.6%
      Beauty Salon $28.50$39.0527.0%
      Toothpaste $1.91$2.3418.4%
      Shampoo $1.12$1.065.7%
      Movie $7.40$10.6830.8%
      Bowling $15.00$14.672.2%

      Groceries

      ItemBillingsNational avg.Difference
      Ground Beef $3.88$4.228.1%
      Fried Chicken $1.24$1.3910.3%
      Milk $1.96$2.054.4%
      Potatoes $2.66$3.2919.2%
      Pizza $9.37$10.6211.8%
      Beer $8.57$9.388.7%

      Health Care

      ItemBillingsNational avg.Difference
      Optometrist $103.25$108.574.9%
      Doctor $65.42$116.1743.7%
      Dentist $97.44$99.131.7%
      Ibuprofen $9.48$9.682.0%
      Lipitor $484.36$466.923.7%

      Housing

      ItemBillingsNational avg.Difference
      Home Price $30,500.00$184,700.0083.5%
      Avg. Mortgage Payment $951.33$1,197.4220.6%
      Apartment Rent $489.00$949.0048.5%

      Transportation

      ItemBillingsNational avg.Difference
      Gasoline $2.06$2.227.5%
      Tire Balancing $57.11$50.0714.1%

      Utilities

      ItemBillingsNational avg.Difference
      All Electricity$159.76$167.674.7%
      Phone $188.79$175.647.5%
      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.
      Red Rock, OK34871-29%
      Lamont, OK25876-24%
      Garber, OK84377-23%
      Hunter, OK17778-22%
      Tonkawa, OK3,14278-22%
      Billings, OK57573-27%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Spalding, NE57577-23%
      Antwerp, NY57590-10%
      Paxton, NE57579-21%
      Sterling, MI57582-18%
      Pine Grove, WV57581-19%
      Billings, OK57573-27%
      Source: The Billings, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.