Catoosa, OK Cost Of Living

Catoosa cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Index	Catoosa	Oklahoma	National
Cost of living index	92	88	100
Index	Catoosa	Oklahoma	National
Goods & Services index	103	97	100
Groceries index	95	95	100
Health care index	91	95	100
Housing index	69	69	100
Transportation index	98	90	100
Utilities index	118	98	100

A general overview of the cost of living index for Catoosa, OK is displayed above. In Catoosa, OK, the overall cost of living index is 92, which is 5% higher than the Oklahoma average and 8% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Catoosa, OK, the city's goods and services are 7% higher than the Oklahoma average and 3% higher than the U.S. average.

Did you know?

The cost of living in Catoosa is 5% higher than the Oklahoma average.
The cost of living in Catoosa is 8% lower than the national average.
The cost of housing in Catoosa is 31% lower than the national average.
Oklahoma general sales tax is 12% lower than the national average.
Oklahoma state income tax is 78% 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

The salary calculator is used in order to provide a comparison of your current salary in Catoosa, OK to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Catoosa, OK, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Catoosa, OK salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$58,523	$4,877	$1,365	$1,756
Renters	$46,875	$3,906	$1,094	$1,406

If you want to find a good determining factor for the cost of living and the general affordability of housing in Catoosa, OK, all you must look at 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 Catoosa, OK, the median monthly income is $58,523 for those who own their own homes. Under the standard rule, that income level would allow for $1,365 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $46,875, per the median income in the area. That would allow for renters to spend up to $1,094 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%

For those who live in Catoosa, OK and want to know what the true cost of living is, they ought to look at both the Oklahoma income tax rate and the Oklahoma sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Oklahoma, the sales tax is 4.5%, while the most you'll pay in surtax is 11%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Oklahoma, the income tax rate ranges between 0.5% to 5%.

Goods & Services

Item	Catoosa	National avg.	Difference
Haircut	$13.22	$16.09	17.8%
Beauty Salon	$30.72	$37.33	17.7%
Toothpaste	$1.97	$2.45	19.6%
Shampoo	$0.95	$1.00	5.4%
Movie	$10.26	$10.28	0.2%
Bowling	$12.05	$4.93	144.2%

Groceries

Item	Catoosa	National avg.	Difference
Ground Beef	$3.27	$3.80	14.0%
Fried Chicken	$1.24	$1.40	11.5%
Milk	$2.17	$2.01	8.2%
Potatoes	$2.62	$3.01	13.1%
Pizza	$8.49	$9.89	14.1%
Beer	$8.90	$8.90	0.0%

Health Care

Item	Catoosa	National avg.	Difference
Optometrist	$85.83	$102.16	16.0%
Doctor	$109.67	$108.36	1.2%
Dentist	$73.03	$92.53	21.1%
Ibuprofen	$9.11	$9.28	1.9%
Lipitor	$414.67	$425.82	2.6%

Housing

Item	Catoosa	National avg.	Difference
Home Price	$111,400.00	$184,700.00	39.7%
Avg. Mortgage Payment	$796.79	$1,202.44	33.7%
Apartment Rent	$852.00	$949.00	10.2%

Transportation

Item	Catoosa	National avg.	Difference
Gasoline	$1.93	$2.24	14.0%
Tire Balancing	$57.42	$46.29	24.0%

Utilities

Item	Catoosa	National avg.	Difference
All Electricity	$147.64	$165.96	11.0%
Phone	$43.99	$28.68	53.4%

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, State	Population	Cost of Living Index	National Avg.
Valley Park, OK	127	102	2%
Turley, OK	2,528	83	-17%
Sperry, OK	1,144	87	-13%
Inola, OK	1,952	91	-9%
Skiatook, OK	7,958	93	-7%
Catoosa, OK	7,487	92	-8%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Oak Grove, KY	7,487	89	-11%
Tiverton, RI	7,486	118	18%
Monahans, TX	7,484	84	-16%
Sandwich, IL	7,491	97	-3%
Palmyra, PA	7,481	96	-4%
Catoosa, OK	7,487	92	-8%

Source: The Catoosa, OK cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Catoosa, OK Cost of Living