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.
An overview of the general cost of living index for Jenks, OK is displayed above for your reference. Residents in Jenks, OK enjoy a cost of living index of 105. This index is 19% higher than the Oklahoma average, and 5% higher than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Jenks, OK, the average cost of goods and services is 7% higher than it is in Oklahoma, and it is 3% higher than the national average.
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Did you know?
The cost of living in Jenks is 19% higher than the Oklahoma average.
The cost of living in Jenks is 5% higher than the national average.
The cost of housing in Jenks is 10% higher 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.
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
The salary calculator allows you to compare how much your current salary in Jenks, OK would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Jenks, OK, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Jenks, OK salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Jenks, OK by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Jenks, OK have a median income of $95,280. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,223 per month to avoid calamity and poverty. The renters in the city have an income of about $58,411, which would make their monthly maximum allowable rental costs $1,363.
Oklahoma Sales Tax
General Sales Tax
With Max Surtax
Oklahoma Income Tax
Income Tax (Low)
Income Tax (High)
When considering the overall cost of living expenses in Jenks, OK, it's important to take into account the sales tax for Oklahoma, as well as the rate for income tax in Oklahoma. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Oklahoma is 11%, and the sales tax in the state of Oklahoma is 4.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Oklahoma starts from 0.5% and goes up 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.