Cost Of Living in Broken Bow, OK

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17%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

50%

Housing NAT. AVG.

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 Bow	Oklahoma	National
Cost of living	83	86	100
Goods & Services	102	91	100
Groceries	96	94	100
Health care	89	93	100
Housing	50	69	100
Transportation	89	93	100
Utilities	93	98	100

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Cost Of Living Quick Facts

The cost of living in Broken Bow is 4% lower than the Oklahoma average
The cost of living in Broken Bow is 17% lower than the national average
Broken Bow housing is 50% lower than the national average
Oklahoma general sales tax is 12% lower than the national average
Oklahoma state income tax is 90% 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	$51,635	$4,303	$1,205	$1,549
Renters	$23,832	$1,986	$556	$715

To approximate the cost of living and the housing affordability in Broken Bow, OK, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Broken Bow have a median income of $51,635. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,205 per month to avoid calamity and poverty. The renters in the city have an income of about $23,832, which would make their monthly maximum allowable rental costs $556.

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 Bow	National avg.	Difference
Haircut	$26.67	$24.26	9.9%
Beauty Salon	$54.14	$45.56	18.8%
Toothpaste	$3.75	$3.70	1.3%
Shampoo	$1.07	$1.28	16.4%
Movie	$11.78	$12.13	2.9%
Bowling	$17.78	$18.00	1.2%

Groceries

Item	Broken Bow	National avg.	Difference
Ground Beef	$5.15	$5.84	11.8%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.52	$4.67	3.2%
Potatoes	$5.23	$4.93	6.0%
Pizza	$10.47	$12.09	13.3%
Beer	$9.83	$10.41	5.6%

Health Care

Item	Broken Bow	National avg.	Difference
Optometrist	$113.39	$125.68	9.8%
Doctor	$185.50	$135.78	36.6%
Dentist	$94.42	$113.29	16.7%
Ibuprofen	$10.08	$10.65	5.4%
Lipitor	$409.22	$468.60	12.7%

Housing

Item	Broken Bow	National avg.	Difference
Home Price	$86,800.00	$184,700.00	53.0%
Avg. Mortgage Payment	$1,950.05	$2,346.69	16.9%
Apartment Rent	$542.00	$949.00	42.9%

Transportation

Item	Broken Bow	National avg.	Difference
Gasoline	$3.10	$3.46	10.4%
Tire Balancing	$66.08	$59.92	10.3%

Utilities

Item	Broken Bow	National avg.	Difference
All Electricity	$166.58	$193.99	14.1%
Phone	$205.55	$192.25	6.9%

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.
Haworth, OK	340	79	20.6%
Idabel, OK	6,872	83	16.9%
Garvin, OK	207	84	16.1%
Eagletown, OK	503	84	16.4%
Broken Bow, OK	4,093	83	17.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
De Motte, IN	4,093	92	7.9%
Whiteman AFB, MO	4,092	101	1.4%
Northern Rockies, BC	4,092	n/a
Sawgrass, FL	4,094	143	43.5%
Pocola, OK	4,094	85	15.0%
Broken Bow, OK	4,093	83	17.3%