Oklahoma City, Oklahoma Cost Of Living

A+

14%

Overall NAT. AVG.

16%

Goods & Services NAT. AVG.

21%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Oklahoma City	Oklahoma	National
Cost of living	86	86	100
Goods & Services	84	92	100
Groceries	91	94	100
Health care	101	94	100
Housing	79	69	100
Transportation	91	90	100
Utilities	94	95	100

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Cost Of Living Quick Facts

The cost of living in Oklahoma City is equal to the Oklahoma average
The cost of living in Oklahoma City is 14% lower than the national average
Oklahoma City housing is 21% lower than the national average
Oklahoma general sales tax is 12% lower than the national average
Oklahoma state income tax is 89% 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	$75,213	$6,268	$1,755	$2,257
Renters	$37,211	$3,101	$868	$1,116

A good way to judge both the affordability of the housing and the cost of living in Oklahoma City 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. Oklahoma City has a median income of about $75,213 for people who own homes. Based on that number, a maximum of $1,755 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,211. Based on this average, renters should spend no more than $868 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	Oklahoma City	National avg.	Difference
Haircut	$15.80	$22.08	28.4%
Beauty Salon	$43.00	$42.88	0.3%
Toothpaste	$2.00	$2.57	21.9%
Shampoo	$1.05	$1.15	9.3%
Movie	$9.00	$11.51	21.8%
Bowling	$12.33	$16.62	25.8%

Groceries

Item	Oklahoma City	National avg.	Difference
Ground Beef	$4.73	$4.98	5.1%
Fried Chicken	$1.51	$1.58	4.9%
Milk	$2.34	$2.42	3.1%
Potatoes	$2.71	$3.54	23.3%
Pizza	$10.22	$11.49	11.0%
Beer	$9.56	$10.04	4.8%

Health Care

Item	Oklahoma City	National avg.	Difference
Optometrist	$115.53	$117.76	1.9%
Doctor	$111.16	$125.34	11.3%
Dentist	$120.92	$107.52	12.5%
Ibuprofen	$10.05	$10.26	2.1%
Lipitor	$460.35	$459.24	0.2%

Housing

Item	Oklahoma City	National avg.	Difference
Home Price	$161,800.00	$184,700.00	12.4%
Avg. Mortgage Payment	$1,317.34	$1,697.41	22.4%
Apartment Rent	$884.00	$949.00	6.8%

Transportation

Item	Oklahoma City	National avg.	Difference
Gasoline	$3.36	$3.85	12.6%
Tire Balancing	$56.32	$57.01	1.2%

Utilities

Item	Oklahoma City	National avg.	Difference
All Electricity	$156.64	$177.27	11.6%
Phone	$195.02	$189.62	2.8%

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	904	73	26.8%
Spencer, OK	3,985	77	22.9%
Arcadia, OK	135	81	18.9%
Del City, OK	21,762	79	20.9%
Smith Village, OK	73	80	20.1%
Oklahoma City, OK	649,821	86	14.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Portland, OR	650,380	123	22.9%
Memphis, TN	650,910	82	18.3%
Las Vegas, NV	644,594	99	1.3%
Nashville, TN	667,070	94	5.6%
Detroit, MI	672,351	84	16.2%
Oklahoma City, OK	649,821	86	14.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.