| Index | Owasso | Oklahoma | National |
| Cost of living | 98 | 88 | 100 |
| Groceries | 96 | 96 | 100 |
| Health care | 96 | 95 | 100 |
| Housing | 103 | 70 | 100 |
| Transportation | 98 | 96 | 100 |
| Utilities | 98 | 96 | 100 |
| Lifestyle & Entertainment | 94 | 94 | 100 |
| Household Items | 99 | 97 | 100 |
| Education & Childcare | 90 | 93 | 100 |
Are you thinking about relocating, but curious about the potential cost of living in Owasso? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Owasso stands at 98, making it 2% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.
The cost of living in Owasso 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.
Wondering if Owasso is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Owasso, for example, the median home price is 0.8% lower than what folks pay nationally, and monthly rent is 10.9% higher than the usual rates. Plus, income levels matter too, with Owasso boasting a median household income of $98,699, which is 21.4% higher than the national average.
Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.
Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Owasso, the groceries index is 3.8% lower than the national average.
Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.
The cost of living data for Owasso shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
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| Groceries index | |
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| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $126,756 | $10,563 | $2,957 | $3,803 |
| Renters | $70,513 | $5,876 | $1,645 | $2,116 |
| 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. |
| Avant, OK | 296 | 78 | 22.5% |
| Turley, OK | 2,884 | 80 | 20.0% |
| Sperry, OK | 1,168 | 83 | 16.5% |
| Oakhurst, OK | 2,510 | 86 | 13.9% |
| Catoosa, OK | 8,150 | 89 | 10.8% |
| Owasso, OK | 37,448 | 98 | 2.0% |
| City | Population | Cost of Living Index | National Avg. |
| Kearns, UT | 37,458 | 109 | 9.5% |
| Prattville, AL | 37,437 | 97 | 2.7% |
| West Fargo, ND | 37,459 | 107 | 6.6% |
| Winchester, NV | 37,419 | 102 | 1.6% |
| Bettendorf, IA | 37,477 | 103 | 3.2% |
| Owasso, OK | 37,448 | 98 | 2.0% |
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