Cost of Living in Nichols Hills, OK

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F
84%
Overall NAT. AVG.
5%
Groceries NAT. AVG.
289%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Nichols Hills Oklahoma National
Cost of living18488100
Groceries9596100
Health care9595100
Housing38970100
Transportation9996100
Utilities9796100
Lifestyle & Entertainment9594100
Household Items9497100
Education & Childcare9293100
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Homes For Sale In Nichols Hills, OK

property for sale

1110 Sherwood Ln #211

Nichols Hills, OK
property for sale

1118 Glenwood Ave

Nichols Hills, OK
property for sale

1908 Dorchester Dr

Nichols Hills, OK
property for sale

6407 N Hillcrest Ave

Nichols Hills, OK

Cost Of Living Quick Facts

  • The cost of living in Nichols Hills is 109% higher than the Oklahoma average
  • The cost of living in Nichols Hills is 84% 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

Most Affordable Places to Live in and Around Nichols Hills

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      The best places in Oklahoma

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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
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare 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%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Valley Brook, OK9387920.6%
      Spencer, OK4,1338119.0%
      Smith Village, OK758118.7%
      Arcadia, OK1398217.8%
      Del City, OK22,5948415.6%
      Nichols Hills, OK4,06618483.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Williamston, MI4,067963.7%
      Crabtree, QC4,064n/a 
      Baie-D'Urfé, QC4,068n/a 
      Montague, ON4,063n/a 
      Rossville, GA4,0698316.7%
      Nichols Hills, OK4,06618483.6%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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