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.
Here we can see a simple outline of the cost of living in Fort Gibson, OK. As you can see, with the average cost of living in Fort Gibson, OK being 83, that puts it 5% lower than the average of Oklahoma and 17% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Fort Gibson, OK, the price of goods and services are 9% lower than the average of Oklahoma as well as 11% lower than the nation's average.
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Did you know?
The cost of living in Fort Gibson is 5% lower than the Oklahoma average.
The cost of living in Fort Gibson is 17% lower than the national average.
The cost of housing in Fort Gibson is 34% 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.
Compare Fort Gibson, OK Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Using the salary calculator lets you compare the salary you earn in Fort Gibson, OK to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Fort Gibson, OK, you have to earn a higher income in order to still have the same standard of living. To operate the Fort Gibson, OK salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Fort Gibson, OK, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Fort Gibson, OK has a median income of about $63,438 for people who own homes. Based on that number, a person should spend a maximum of $1,480 on expenses related to housing. Renters have a slightly different median income, which is $24,545. Based on this average, renters should spend no more than $573 on all of their rental costs if they want to maintain a non-impoverished standard of living.
Oklahoma Sales Tax
General Sales Tax
With Max Surtax
Oklahoma Income Tax
Income Tax (Low)
Income Tax (High)
One thing to keep in mind when considering the cost of living in Fort Gibson, OK is the Oklahoma sales tax and Oklahoma income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Oklahoma sales tax rate is 4.5% and the maximum surtax that can be charged is 11%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Oklahoma income tax rates range from 0.5% to 5%.
Goods & Services
Avg. Mortgage Payment
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.