Cost Of Living in Nichols Hills, OK

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F

80%

Overall NAT. AVG.

13%

Goods & Services NAT. AVG.

289%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; 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	Nichols Hills	Oklahoma	National
Cost of living	180	85	100
Goods & Services	87	89	100
Groceries	95	96	100
Health care	98	95	100
Housing	389	70	100
Transportation	87	88	100
Utilities	98	97	100

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Homes For Sale In Nichols Hills, OK

1708 Randel Rd

Nichols Hills, OK

1810 Elmhurst Ave

Nichols Hills, OK

1123 Bedford Dr

Nichols Hills, OK

1712 Windsor Pl

Nichols Hills, OK

Cost Of Living Quick Facts

The cost of living in Nichols Hills is 112% higher than the Oklahoma average
The cost of living in Nichols Hills is 80% higher than the national average
Nichols Hills housing is 289% higher 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

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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

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$316,362	$26,364	$7,381	$9,492
Renters	$85,350	$7,113	$1,991	$2,561

A good way to judge both the affordability of the housing and the cost of living in Nichols Hills is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Nichols Hills has a median income of about $316,362 for people who own homes. Based on that number, a maximum of $7,381 should be spent on expenses related to housing. Renters have a slightly different median income, which is $85,350. Based on this average, renters should spend no more than $1,991 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Nichols Hills	National avg.	Difference
Haircut	$18.67	$27.62	32.4%
Beauty Salon	$54.40	$51.11	6.4%
Toothpaste	$3.98	$4.09	2.8%
Shampoo	$1.50	$1.54	2.7%
Movie	$12.15	$12.88	5.7%
Yoga	$15.40	$19.66	21.7%

Groceries

Item	Nichols Hills	National avg.	Difference
Ground Beef	$7.70	$7.70	0.1%
Fried Chicken	$1.52	$1.66	8.6%
Milk	$4.59	$4.73	3.0%
Potatoes	$5.45	$5.26	3.7%
Pizza	$11.99	$12.76	6.1%
Beer	$9.95	$10.55	5.7%

Health Care

Item	Nichols Hills	National avg.	Difference
Optometrist	$127.43	$140.06	9.0%
Doctor	$132.99	$153.82	13.5%
Dentist	$131.52	$123.15	6.8%
Ibuprofen	$11.46	$11.73	2.3%
Lipitor	$21.61	$23.61	8.5%

Housing

Item	Nichols Hills	National avg.	Difference
Home Price	$1,271,659.00	$326,622.00	289.3%
Avg. Mortgage Payment	$1,552.16	$2,480.25	37.4%
Apartment Rent	$0.00	$1,444.00	100.0%

Transportation

Item	Nichols Hills	National avg.	Difference
Gasoline	$2.61	$3.06	14.6%
Tire Balancing	$58.45	$65.21	10.4%

Utilities

Item	Nichols Hills	National avg.	Difference
All Electricity	$209.86	$220.12	4.7%
Phone	$199.49	$195.71	1.9%

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, OK	938	76	24.0%
Spencer, OK	4,133	78	22.1%
Smith Village, OK	75	78	22.0%
Arcadia, OK	139	80	20.1%
Del City, OK	22,594	81	18.7%
Nichols Hills, OK	4,066	180	80.2%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Williamston, MI	4,067	96	4.4%
Crabtree, QC	4,064	n/a
Baie-D'Urfé, QC	4,068	n/a
Montague, ON	4,063	n/a
Rossville, GA	4,069	80	20.0%
Nichols Hills, OK	4,066	180	80.2%

Date & Last Updated: This data reflects 2025 and was released from C2ER in January, 2026; this is the most current data available.

Cost of Living in Nichols Hills, OK

Homes For Sale In Nichols Hills, OK

Cost Of Living Quick Facts

Most Affordable Places to Live in and Around Nichols Hills

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Median Income & Debt-To-Income Ratio

Oklahoma Sales Tax

Oklahoma Income Tax

Goods & Services

Groceries

Health Care

Housing

Transportation

Utilities

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