A+
2%
Overall NAT. AVG.
21%
Goods & Services NAT. AVG.
31%
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 Durant Oklahoma National
Cost of living9886100
Goods & Services12191100
Groceries9794100
Health care11093100
Housing6969100
Transportation9493100
Utilities11598100

An Overview of Cost of Living in Durant, OK

Understanding the cost of living in Durant can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Durant cost of living index is 98, which is 2% lower than the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.

Everyday expenditures like food, housing, goods and services, transportation and health care in Durant are priced in a manner consistent with other areas. This means that residents of Durant can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Everyday goods and services make up 33% of the cost of living index and include things like clothing, personal hygiene products and entertainment which are a large portion of your monthly expenditures. Unfortunately, Durant goods and services are 20.6% more expensive than the national average, leaving you with less money at the end of the month.

Is Durant Affordable?

Is Durant affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Durant, the median home price is 36.3% lower than the national average and monthly rent prices are 19.7% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Durant boasting a median household income of $39,097, 29.3% lower than the national average.

What Factors can Influence the Cost of Living in Durant?

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Durant, the groceries index registers 3% lower than the national average.

Taxes: Cities that enforce higher taxes, covering both sales taxes and income taxes, can be a factor contributing to a higher cost of living. Paying more in taxes for everyday essentials like clothing and food inevitably leads to higher expenses. A higher income tax rate can further contribute to an overall elevated cost of living. In Durant, the baseline sales tax rate begins at 4.5%, and income tax rates start at 0.25%.

Housing: Elevated demand for housing within coveted locales has the propensity to escalate both property values and rental rates, thereby serving as a primary catalyst for an augmented cost of living. Conversely, areas witnessing diminished housing demand, particularly within less desirable environs, often experience an inversely proportional effect, leading to price reductions and subsequently contributing to a more modest cost of living. In Durant, the housing index is 31.3% lower than the national average.

Where is the Data From?

The Durant cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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

Cost Of Living Quick Facts

  • The cost of living in Durant is 14% higher than the Oklahoma average
  • The cost of living in Durant is 2% lower than the national average
  • Durant housing is 31% 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 Durant

See all the best places to live around Durant

Compare Durant, OK Cost of Living

      vs
      How would you rate the cost of living in Durant?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Durant?
      Write a review to give others more information about this area.
      See all Durant 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$55,854$4,655$1,303$1,676
      Renters$32,195$2,683$751$966
      The affordability of the housing market in Durant, OK as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Durant homeowners, the median income is $55,854. This indicates that a monthly maximum of $1,303 should be spent by homeowners on all housing related costs. Renters have a median income of $32,195. This indicates that renters would have a maximum of $751 for their rent related monthly costs.

      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 Durant National avg. Difference
      Haircut $23.57$24.262.8%
      Beauty Salon $35.11$45.5622.9%
      Toothpaste $3.51$3.705.1%
      Shampoo $1.22$1.284.7%
      Movie $11.85$12.132.3%
      Bowling $16.96$18.005.8%

      Groceries

      Item Durant National avg. Difference
      Ground Beef $5.44$5.846.9%
      Fried Chicken $1.32$1.5716.1%
      Milk $4.63$4.670.9%
      Potatoes $4.15$4.9316.0%
      Pizza $11.96$12.091.0%
      Beer $10.27$10.411.4%

      Health Care

      Item Durant National avg. Difference
      Optometrist $96.63$125.6823.1%
      Doctor $131.00$135.783.5%
      Dentist $86.73$113.2923.4%
      Ibuprofen $10.40$10.652.4%
      Lipitor $484.49$468.603.4%

      Housing

      Item Durant National avg. Difference
      Home Price $117,700.00$184,700.0036.3%
      Avg. Mortgage Payment $1,562.33$2,346.6933.4%
      Apartment Rent $762.00$949.0019.7%

      Transportation

      Item Durant National avg. Difference
      Gasoline $3.47$3.460.3%
      Tire Balancing $66.47$59.9210.9%

      Utilities

      Item Durant National avg. Difference
      All Electricity $145.64$193.9924.9%
      Phone $208.71$192.258.6%
      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.
      Platter, OK15411111.0%
      New Woodville, OK5011111.0%
      Bee, OK1848514.6%
      Cartwright, OK4838911.2%
      Armstrong, OK1209010.0%
      Durant, OK18,516981.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Russell, ON18,518n/a 
      Terrell, TX18,513981.8%
      Brookfield, IL18,52011312.9%
      Winchester, KY18,520918.6%
      Concord, MO18,5211011.0%
      Durant, OK18,516981.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.