In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Here we can see a simple outline of the cost of living in Tulsa, OK. As you can see, with the average cost of living in Tulsa, OK being 93, that puts it 6% higher than the average of Oklahoma and 7% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Tulsa, OK, the price of goods and services are 7% higher than the average of Oklahoma as well as 3% higher than the nation's average.
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Did you know?
The cost of living in Tulsa is 6% higher than the Oklahoma average.
The cost of living in Tulsa is 7% lower than the national average.
The cost of housing in Tulsa is 28% lower than the national average.
Oklahoma general sales tax is 12% lower than the national average.
Oklahoma state income tax is 78% lower than the national average.
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
The salary calculator is used in order to provide a comparison of your current salary in Tulsa, OK to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Tulsa, OK, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Tulsa, OK salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
If you want to find a good determining factor for the cost of living and the general affordability of housing in Tulsa, OK, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Tulsa, OK, the median monthly income is $61,723 for those who own their own homes. Under the standard rule, that income level would allow for $1,440 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $30,203, per the median income in the area. That would allow for renters to spend up to $705 on monthly rental expenses.
Oklahoma Sales Tax
General Sales Tax
With Max Surtax
Oklahoma Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Tulsa, OK, the Oklahoma income tax and the Oklahoma sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Oklahoma maximum surtax is 11%, and the Oklahoma sales tax is 4.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.5% to 5% in Oklahoma.
Goods & Services
Avg. Mortgage Payment
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.