A+
14%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
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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 Midwest City Oklahoma National
Cost of living8686100
Goods & Services8791100
Groceries9394100
Health care10593100
Housing7169100
Transportation9893100
Utilities9798100

An Overview of Cost of Living in Midwest City, OK

The cost of living in Midwest City affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Midwest City is 86, which is 14% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday items like clothes, personal care products and fun activities all add up to what it costs to live. The thing is, in Midwest City, these goods and services are 13.1% cheaper than what people pay on average across the country. That means you can enjoy what you need and like without going broke. With these savings, you can stash more cash in your savings or use it for other money goals, which can really boost your financial health.

What Do Locals Say About the Cost of Living in Midwest City?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 11 locals to understand their opinions on the cost of living in Midwest City. The results indicated that 27% found it reasonably priced with decreasing prices of goods and services, while 73% viewed it as quite expensive, with increasing prices.

Is Midwest City Affordable?

Is Midwest City affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Midwest City, for instance, where the median home price falls 36.3% lower than the national average, and monthly rent rates are 11.5% lower than usual. Additionally, median income levels contribute to the equation, with Midwest City flaunting a median household income of $49,368, 10.8% lower than the national norm.

What Factors can Influence the Cost of Living in Midwest City?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Midwest City, the groceries index is 6.8% lower than the national average.

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 Midwest City, the housing index is 28.8% lower than the national average.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Midwest City comes in at 3.4% lower than the national average.

Where is the Data From?

The Midwest City cost of living data you see above is sourced from the C2ER cost of living index, providing a practical and accurate means of comparing living expenses in urban areas. Updated quarterly, this index gathers data from over 300 independent researchers, covering more than 60 goods and services, in 6 different categories. These selections are made meticulously to represent a wide range of consumer expenditure categories. The weightings applied to cost differences are based on government survey data that tracks spending patterns among professional and executive households. It's important to note that while the C2ER index excludes data on sales or income tax rates, AreaVibes factors tax rates into the overall cost of living score for each region.

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Cost Of Living Quick Facts

  • The cost of living in Midwest City is equal to the Oklahoma average
  • The cost of living in Midwest City is 14% lower than the national average
  • Midwest City housing is 29% 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

Most Affordable Places to Live in and Around Midwest City

See all the best places to live around Midwest City

Compare Midwest City, OK Cost of Living

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      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$61,510$5,126$1,435$1,845
      Renters$38,296$3,191$894$1,149
      The affordability of the housing market in Midwest City, 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 Midwest City homeowners, the median income is $61,510. This indicates that a monthly maximum of $1,435 should be spent by homeowners on all housing related costs. Renters have a median income of $38,296. This indicates that renters would have a maximum of $894 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 Midwest City National avg. Difference
      Haircut $21.23$24.2612.5%
      Beauty Salon $25.86$45.5643.2%
      Toothpaste $3.53$3.704.7%
      Shampoo $1.30$1.281.6%
      Movie $9.91$12.1318.4%
      Bowling $11.09$18.0038.4%

      Groceries

      Item Midwest City National avg. Difference
      Ground Beef $5.98$5.842.4%
      Fried Chicken $1.41$1.5710.2%
      Milk $4.59$4.671.7%
      Potatoes $4.94$4.930.1%
      Pizza $12.95$12.097.2%
      Beer $10.20$10.412.0%

      Health Care

      Item Midwest City National avg. Difference
      Optometrist $97.18$125.6822.7%
      Doctor $94.89$135.7830.1%
      Dentist $112.76$113.290.5%
      Ibuprofen $10.13$10.654.9%
      Lipitor $443.26$468.605.4%

      Housing

      Item Midwest City National avg. Difference
      Home Price $117,700.00$184,700.0036.3%
      Avg. Mortgage Payment $1,463.20$2,346.6937.6%
      Apartment Rent $840.00$949.0011.5%

      Transportation

      Item Midwest City National avg. Difference
      Gasoline $3.16$3.468.8%
      Tire Balancing $45.14$59.9224.7%

      Utilities

      Item Midwest City National avg. Difference
      All Electricity $192.91$193.990.6%
      Phone $194.09$192.251.0%
      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.
      Valley Brook, OK9047722.8%
      Spencer, OK3,9857921.5%
      Arcadia, OK1358119.0%
      Smith Village, OK737920.9%
      Del City, OK21,7628217.6%
      Midwest City, OK57,3928614.2%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Santee, CA57,40715150.8%
      Richland, WA57,35311312.5%
      Bradenton, FL57,3461033.0%
      Hanford, CA57,33911716.6%
      Taunton, MA57,32711918.9%
      Midwest City, OK57,3928614.2%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.