A+
16%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
35%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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 Shawnee Oklahoma National
Cost of living8486100
Goods & Services8791100
Groceries9394100
Health care10593100
Housing6569100
Transportation9893100
Utilities9798100

An Overview of Cost of Living in Shawnee, OK

The cost of living in Shawnee 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 Shawnee is 84, which is 16% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday staples like clothes, toiletries and entertainment expenses play a big role in your total living costs. But in Shawnee, these goods are 13.1% cheaper than the national average. So, you can enjoy what you need and love without emptying your wallet. Plus, you'll have more cash to put towards your savings or any other money goals you have, which is a real boost for your financial well-being.

Is Shawnee Affordable?

Is Shawnee affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Shawnee, for instance, where the median home price falls 38.7% lower than the national average, and monthly rent rates are 25.5% lower than usual. Additionally, median income levels contribute to the equation, with Shawnee flaunting a median household income of $41,123, 25.7% lower than the national norm.

What Factors can Influence the Cost of Living in Shawnee?

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 Shawnee, healthcare costs are 4.6% higher than the national average.

Utilities: Similar to the prices of any other goods or services, utility expenditures can exhibit substantial variability, influenced by factors such as climate, energy sources accessibility, geographical location and state regulations. Costs related to electricity, water, heating, and waste disposal can fluctuate, whether higher or lower, contingent on the city or state. In Shawnee, the utilities index is 3.4% lower than the national average.

Housing: High demand for housing in desirable locations can drive up property prices and rental rates. This can be a primary contributor to a higher cost of living. While low demand for housing, especially in undesirable locations, can have the reverse effect and drive prices down, resulting in a lower cost of living. The housing index in Shawnee, is 34.7% lower than the national average.

Where is the Data From?

The cost of living data in Shawnee displayed above is sourced from the C2ER cost of living index, which serves as a practical tool for comparing living expenses across urban areas. Published on a quarterly basis, this index aggregates data from over 300 independent researchers, encompassing more than 60 goods and services, in 6 different categories. The weightings assigned to cost differences rely on government survey data that tracks the spending habits of professional and executive households. It's worth noting that the C2ER index excludes data on sales or income tax rates, while AreaVibes integrates tax rates into the overall cost of living evaluation for each region.

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Cost Of Living Quick Facts

  • The cost of living in Shawnee is 2% lower than the Oklahoma average
  • The cost of living in Shawnee is 16% lower than the national average
  • Shawnee housing is 35% 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

Most Affordable Places to Live in and Around Shawnee

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Compare Shawnee, OK Cost of Living

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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
      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$56,979$4,748$1,329$1,710
      Renters$29,816$2,485$696$895
      To approximate the cost of living and the housing affordability in Shawnee, OK, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Shawnee have a median income of $56,979. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,329 per month to avoid calamity and poverty. The renters in the city have an income of about $29,816, which would make their monthly maximum allowable rental costs $696.

      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 Shawnee National avg. Difference
      Haircut $21.23$24.2612.5%
      Beauty Salon $25.86$45.5643.2%
      Toothpaste $3.53$3.704.7%
      Shampoo $1.30$1.281.6%
      Movie $9.91$12.1318.4%
      Bowling $11.09$18.0038.4%

      Groceries

      Item Shawnee National avg. Difference
      Ground Beef $5.98$5.842.4%
      Fried Chicken $1.41$1.5710.2%
      Milk $4.59$4.671.7%
      Potatoes $4.94$4.930.1%
      Pizza $12.95$12.097.2%
      Beer $10.20$10.412.0%

      Health Care

      Item Shawnee National avg. Difference
      Optometrist $97.18$125.6822.7%
      Doctor $94.89$135.7830.1%
      Dentist $112.76$113.290.5%
      Ibuprofen $10.13$10.654.9%
      Lipitor $443.26$468.605.4%

      Housing

      Item Shawnee National avg. Difference
      Home Price $113,300.00$184,700.0038.7%
      Avg. Mortgage Payment $1,463.20$2,346.6937.6%
      Apartment Rent $707.00$949.0025.5%

      Transportation

      Item Shawnee National avg. Difference
      Gasoline $3.16$3.468.8%
      Tire Balancing $45.14$59.9224.7%

      Utilities

      Item Shawnee National avg. Difference
      All Electricity $192.91$193.990.6%
      Phone $194.09$192.251.0%
      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.
      Macomb, OK25927.9%
      Brooksville, OK50927.9%
      Tribbey, OK3037525.4%
      Maud, OK1,0187525.3%
      Bowlegs, OK4067723.2%
      Shawnee, OK31,3618416.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Redmond, OR31,35911515.1%
      Orcutt, CA31,35314847.7%
      Grimsby, ON31,320n/a 
      Rochester, NH31,30511312.9%
      Fairbanks, AK31,42713232.3%
      Shawnee, OK31,3618416.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.