| Index | Oklahoma City | Oklahoma | National |
| Cost of living | 94 | 88 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 95 | 95 | 100 |
| Housing | 91 | 70 | 100 |
| Transportation | 99 | 96 | 100 |
| Utilities | 97 | 96 | 100 |
| Lifestyle & Entertainment | 95 | 94 | 100 |
| Household Items | 94 | 97 | 100 |
| Education & Childcare | 92 | 93 | 100 |
The cost of living in Oklahoma 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 Oklahoma City is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
The cost of living in Oklahoma City is about average when compared to all other cities across the nation. You can expect that everyday items like food, household expenses and utility bills will be no more expensive than any other average city. Residents can anticipate living expenses that remain in line with the national average, ensuring a manageable financial burden, making it an attractive choice for those seeking affordability without the constraints of higher everyday expenditures.
The real experts on a city are its residents. That's why we reached out to 17 locals to get their views on the cost of living in Oklahoma City. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 76% found it budget-friendly with decreasing prices, while 24% said it's simply not affordable as prices have continued to rise.
Is Oklahoma City an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Oklahoma City, the median home price is 8.4% lower than what most folks pay across the country, and monthly rent prices are 9.3% lower than the usual rates. Income levels in Oklahoma City come in at $83,422, which is 2.6% higher than the national average.
Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Oklahoma City, the groceries index is 5.3% lower than the national average.
Healthcare: The costs associated with healthcare and insurance premiums can exhibit notable disparities based on the city or state of residence. Access to healthcare facilities, out-of-pocket expenses for medical appointments, dental care charges, prescription medication costs and specialized medical care expenses all contribute to variations in the cost of living. In Oklahoma City, healthcare costs are 4.8% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The Oklahoma City cost of living estimates above use a normalized U.S. average of 100 as the baseline for comparison. Housing values incorporate local home price and rental information from the U.S. Census, while all other estimates are AI-assisted and modeled using expected everyday expenses, local market trends, climate, and transportation-related cost pressures. The results are intended for practical 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 | $110,134 | $9,178 | $2,570 | $3,304 |
| Renters | $56,221 | $4,685 | $1,312 | $1,687 |
| State | General Sales Tax | With Max Surtax |
| Oklahoma | 4.5% | 11% |
| State | Income Tax (Low) | Income Tax (High) |
| Oklahoma | 0.25% | 4.75% |
| City | Population | Cost of Living Index | National Avg. |
| Valley Brook, OK | 938 | 79 | 20.6% |
| Spencer, OK | 4,133 | 81 | 19.0% |
| Smith Village, OK | 75 | 81 | 18.7% |
| Arcadia, OK | 139 | 82 | 17.8% |
| Del City, OK | 22,594 | 84 | 15.6% |
| Oklahoma City, OK | 671,652 | 94 | 5.8% |
| City | Population | Cost of Living Index | National Avg. |
| Memphis, TN | 674,455 | 91 | 9.1% |
| Portland, OR | 675,307 | 139 | 38.8% |
| Las Vegas, NV | 662,341 | 118 | 17.6% |
| Nashville, TN | 692,022 | 110 | 10.0% |
| Detroit, MI | 692,044 | 82 | 17.6% |
| Oklahoma City, OK | 671,652 | 94 | 5.8% |
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