A+
6%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
2%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Broken Arrow Oklahoma National
Cost of living9486100
Goods & Services9391100
Groceries9594100
Health care9193100
Housing9869100
Transportation8793100
Utilities9698100

An Overview of Cost of Living in Broken Arrow, OK

The cost of living in Broken Arrow affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Broken Arrow is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Broken Arrow is about average when compared to all other cities across the nation. You can expect that everyday items like food, goods and services and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.

What Do Locals Say About the Cost of Living in Broken Arrow?

Nobody knows their city better than the people who actually live there. So, we asked 8 local residents how they would rate the cost of living in Broken Arrow and this is how they responded. 50% of people said that the cost of living was affordable, with prices decreasing, while 50% of people said that the cost of living was very expensive and prices continue to rise.

Is Broken Arrow Affordable?

Is Broken Arrow an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Broken Arrow is 8.8% lower than the national average, while the average monthly rent prices are 12.2% higher than average. The affordability of any location can also be influenced by median income levels. Broken Arrow has a median household income of $74,070, which is 33.9% higher than the national average.

What Factors can Influence the Cost of Living in Broken Arrow?

Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Broken Arrow, the groceries index is 4.8% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Broken Arrow, is 2.5% lower than the national average.

Where is the Data From?

The cost of living in Broken Arrow, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

New Real Estate Listings in Broken Arrow Area
Search Homes for Sale in Broken Arrow, OK

Cost Of Living Quick Facts

  • The cost of living in Broken Arrow is 9% higher than the Oklahoma average
  • The cost of living in Broken Arrow is 6% lower than the national average
  • Broken Arrow housing is 2% lower than the national average
  • Oklahoma general sales tax is 12% lower than the national average
  • Oklahoma state income tax is 89% lower than the national average

Most Affordable Places to Live in and Around Broken Arrow

See all the best places to live around Broken Arrow

Compare Broken Arrow, OK Cost of Living

      vs
      How would you rate the cost of living in Broken Arrow?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Broken Arrow?
      Write a review to give others more information about this area.
      See all Broken Arrow 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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$86,020$7,168$2,007$2,581
      Renters$49,912$4,159$1,165$1,498
      A good indicator of the general affordability of housing in Broken Arrow, 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 Broken Arrow, the median monthly income is $86,020 for those who own their own homes. Under the standard rule, that income level would allow for $2,007 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $49,912, per the median income in the area. That would allow for renters to spend up to $1,165 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 0.25% 4.75%

      Goods & Services

      Item Broken Arrow National avg. Difference
      Haircut $14.72$24.2639.3%
      Beauty Salon $33.89$45.5625.6%
      Toothpaste $3.82$3.703.1%
      Shampoo $0.98$1.2823.5%
      Movie $7.94$12.1334.6%
      Bowling $12.94$18.0028.1%

      Groceries

      Item Broken Arrow National avg. Difference
      Ground Beef $5.84$5.840.0%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.48$4.674.1%
      Potatoes $4.76$4.933.5%
      Pizza $11.16$12.097.7%
      Beer $10.00$10.414.0%

      Health Care

      Item Broken Arrow National avg. Difference
      Optometrist $112.08$125.6810.8%
      Doctor $72.58$135.7846.5%
      Dentist $104.61$113.297.7%
      Ibuprofen $10.02$10.655.9%
      Lipitor $520.25$468.6011.0%

      Housing

      Item Broken Arrow National avg. Difference
      Home Price $168,500.00$184,700.008.8%
      Avg. Mortgage Payment $1,708.64$2,346.6927.2%
      Apartment Rent $1,065.00$949.0012.2%

      Transportation

      Item Broken Arrow National avg. Difference
      Gasoline $3.19$3.467.9%
      Tire Balancing $63.89$59.926.6%

      Utilities

      Item Broken Arrow National avg. Difference
      All Electricity $192.23$193.990.9%
      Phone $194.73$192.251.3%
      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.
      Redbird, OK78937.3%
      Tiawah, OK132937.3%
      Turley, OK2,8177821.6%
      Porter, OK5638020.1%
      Haskell, OK2,0888317.4%
      Broken Arrow, OK108,875945.8%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Boulder, CO108,77716968.7%
      San Buenaventura (Ventura), CA108,46716464.3%
      Inglewood, CA109,30915757.4%
      St. John's, NL109,566n/a 
      Sandy Springs, GA108,18013535.5%
      Broken Arrow, OK108,875945.8%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.