Cost of Living Breakdown
The cost of living in Oklahoma City, OK is 13% lower than the national average. Here's how each category compares:
| Category | Index | vs National Avg |
|---|---|---|
| Overall | 87 | -13% |
| Housing | 68 | -32% |
| Groceries | 95 | -5% |
| Utilities | 101 | +1% |
| Transportation | 96 | -4% |
| Healthcare | 93 | -7% |
Housing Costs in Oklahoma City
Housing is typically the largest expense. In Oklahoma City, the housing index is 68 (national average = 100).
- Median home price: $210,000
- Median rent (1 bedroom): $900/month
- Median rent (2 bedrooms): $1,100/month
- Annual rent (1BR): $10,800/year
Housing in Oklahoma City is well below the national average, making it an attractive option for homebuyers and renters alike.
How Much Do You Need to Earn in Oklahoma City?
To maintain the equivalent of a $50,000 salary at the national average cost of living, you would need to earn approximately $43,500 in Oklahoma City. The median household income of $58,710 translates to a monthly budget of approximately $4,893.
Groceries & Everyday Expenses
The grocery index in Oklahoma City is 95. Grocery prices are close to the national average.
Transportation & Utilities
Transportation costs sit at an index of 96, while utilities come in at 101. Transportation costs are reasonable compared to other major cities.
Healthcare
Healthcare costs in Oklahoma City are indexed at 93. Healthcare costs are close to or below the national average.
Compare to Oklahoma
See statewide salary and tax data on our average salary in Oklahoma page. Also see income data for this city on our average salary in Oklahoma City page.
Financial Tools
Use our free calculators to plan your finances in Oklahoma City:
- Mortgage Calculator — estimate your monthly home payment
- Home Affordability Calculator — see how much house you can afford
- Salary Calculator — convert hourly to annual pay
- Savings Goal Calculator — plan for your move or down payment