| Index | Oak Ridge | Florida | National |
| Cost of living | 100 | 102 | 100 |
| Groceries | 105 | 102 | 100 |
| Health care | 106 | 104 | 100 |
| Housing | 89 | 97 | 100 |
| Transportation | 106 | 103 | 100 |
| Utilities | 109 | 110 | 100 |
| Lifestyle & Entertainment | 102 | 104 | 100 |
| Household Items | 101 | 102 | 100 |
| Education & Childcare | 108 | 106 | 100 |
Understanding the cost of living in Oak Ridge can help future residents assess whether their current financial situation aligns with the expenses they will encounter. It enables them to plan for potential changes in their budget and lifestyle. The Oak Ridge cost of living index is 100, which is 0% equal to the national average. The cost of living index is calculated by taking into account multiple categories, which encompass both the cost of everyday expenditures and larger expenses as well.
The cost of living in Oak Ridge aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Oak Ridge residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
Is Oak Ridge affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Oak Ridge, the median home price is 22.1% lower than the national average and monthly rent prices are 16.1% higher than the typical rates. Additionally, the median income levels play a role in affordability, with Oak Ridge boasting a median household income of $59,563, 26.8% lower than the national average.
Healthcare: Healthcare costs and insurance premiums can undergo substantial fluctuations based on the city or state of residence. Elements such as the availability of healthcare facilities, out-of-pocket costs for medical consultations, dental expenses, prescription medication charges and specialized medical care fees all contribute to variations in the cost of living. In Oak Ridge, healthcare costs are 5.6% higher than the national average.
Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Oak Ridge, the groceries index registers 4.9% higher than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Oak Ridge, the housing index is 10.7% lower than the national average.
The Oak Ridge cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $61,283 | $5,107 | $1,430 | $1,839 |
| Renters | $59,371 | $4,948 | $1,385 | $1,781 |
| State | General Sales Tax | With Max Surtax |
| Florida | 6% | 7.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Florida | 0% | 0% |
| City | Population | Cost of Living Index | National Avg. |
| Lake Buena Vista, FL | 4 | 104 | 3.6% |
| Tildenville, FL | 44 | 103 | 2.7% |
| Lake Butler city, FL | 2,250 | 85 | 14.9% |
| Bay Lake, FL | 45 | 89 | 11.5% |
| Campbell, FL | 2,313 | 89 | 10.6% |
| Oak Ridge, FL | 24,500 | 100 | 0.4% |
| City | Population | Cost of Living Index | National Avg. |
| Dix Hills, NY | 24,498 | 186 | 86.5% |
| Van Buren, AR | 24,502 | 87 | 13.0% |
| Wadsworth, OH | 24,502 | 93 | 6.7% |
| Newberg, OR | 24,502 | 124 | 23.7% |
| Wekiwa Springs, FL | 24,510 | 125 | 25.2% |
| Oak Ridge, FL | 24,500 | 100 | 0.4% |
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