Before knowing the cost of living in Oklahoma you should know where Oklahoma is located. Oklahoma is a state located in the south Central region of the United States. It is most known for its beautiful mountains, dense woods, rolling hills, endless plains, and everything in between. The Oklahoma residents make a nice living, and, when that is coupled with an affordable cost of living, that can make it an ideal place to live. Let’s know the cost of living in Oklahoma.
What Is The Cost Of Living In Oklahoma?
The cost of living in Oklahoma is calculated on the basis of the cost of housing, transportation, grocery, utilities, and health. So, the average cost of living in Oklahoma per month is given in the table. Here, the average cost of living in Oklahoma city is compared with the US average cost of 100. The cost more than 100 means Oklahoma is more expensive than average.
| Cost Of Living For | Oklahoma | USA |
|---|---|---|
| Housing | 56.2 | 100 |
| Grocery | 94.7 | 100 |
| Transportation | 95.5 | 100 |
| Utilities | 97.1 | 100 |
| Health | 117.2 | 100 |
| Miscellaneous | 93.6 | 100 |
| Median Home Cost | $165,200 | $291,700 |
| OverAll | 85.4 | 100 |
Home Rent
Home rent in Oklahoma will depend on where you live and amenities you choose. So, the table given below will give you an idea of 1 and 2-bedroom houses in the different cities in Oklahoma, including the cost of living in Tulsa Oklahoma. Due to the increased prices of houses, the cost of living in Oklahoma 2022 has increased.
| City | Approx 1 Bedroom Rent | Approx 2 Bedroom Rent |
|---|---|---|
| Tulsa | $1250 | $1800 |
| Oklahoma City | $850 | $1250 |
| Norman | $900 | $1195 |
| Edmond | $750 | $1400 |
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Food Cost
The cost of food makes up the cost of living. So, In Oklahoma, the cost of food is around 9% less than in the rest of the country. The table given below will give you the approximate cost of dinner for 2 people in different cities in Oklahoma.
| City | Approx Dinner For 2 |
|---|---|
| Tulsa | $46 |
| Oklahoma City | $50 |
| Norman | $35 |
| Edmond | $46.99 |
Travel Cost
When you see the cost of living in Colorado vs Oklahoma, then you will find Oklahoma cheaper than Colorado because of its low transportation charges. In Oklahoma, the public bus system is an excellent and inexpensive option for traveling.
Other Expenses
After knowing the cost of food and travel, let’s see other expenses in Oklahoma. Here are the other expenses.
Health Care
The cost of living in Oklahoma 2020 and the cost of living in Oklahoma 2021 will give you an upward graph because of the increased cost of health care due to the Covid-19 pandemic. Oklahoma residents take the benefits of Medicaid which is a state or federal program that pays for medical services for low-income pregnant women, children, and individuals who are disabled.
Utility Bills
The average utility bill is 93. It means, that average monthly utility bill for an 85-meter apartment is approximately $157, which includes electricity, heating, water, cooling, and garbage collection.
Internet Bills
The average monthly bill for the internet in Oklahoma city is $68. The cost of the internet is not fixed and varies according to types of providers, data, and speed. The AT&T will cost you $35 per month, and Cox cable will cost you $39.99 per month.
Fitness
The average cost of living in Tulsa Oklahoma is more as compared to other cities in Oklahoma because. But when you see the cost of living by state, it will give you the cost of living in comparison to the US average cost of 100. In Oklahoma, you can not predict the exact cost of fitness because every gym and fitness club has its own fees.
Entertainment
For entertainment you can visit the main event in Oklahoma City, Philbrook Museum of Art, Lake Tenkiller and other beautiful sites in Oklahoma. The cost of entertainment is $220.99 for a guided group.
Taxes
Many people have a doubt about how much does the state of Oklahoma cost. So, it depends on the tax rates fixed by the state and federal. In Oklahoma, you need to pay a tax with a tax rate of 4.5%. Depending on local municipalities, the total tax rate can be as high as 11.5%.
FAQ
Is Oklahoma A Good State To Move To?
The Sooner state’s low crime rates, affordable homes, and top-quality schools make it a top destination for many families in America. If you’d like to live in a state with remarkable weather, where you’ll experience all four seasons in a year, moving to Oklahoma is perfect for you.
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Is Texas Or Oklahoma Better To Live In?
For cost of living, Oklahoma rated best in the nation, according to the CNBC rankings. Texas was not far behind, in ninth place. It would appear that, when both income taxes and property taxes are considered, the average Texan still comes out ahead, compared to their cousins in Oklahoma.
Is Oklahoma A Friendly State?
Oklahomans in general are welcoming people – friendly, laid-back and good-natured – and we’re famous for our hospitality. There’s more to do here than you think, and with our low cost of living, you’ll be able to enjoy to the fullest everything our state has to offer. “We have had so much talent come out of our state.
Does All Of Oklahoma Get Tornadoes?
Oklahoma is the third-most tornado-prone state in the U.S., averaging around 67 twisters each year. So far in 2022, the Sooner State has already seen 33 twisters, with many of those pummeling Pottawatomie and Seminole counties.
How Much Money Do You Need To Live Comfortably In Oklahoma?
According to a study by gobankingrates.com, the income needed to live comfortably if you’re a homeowner in Oklahoma City is $59,019.10. If you’re a renter, you need to make $62,691.10 to live comfortably. The median income in Oklahoma City is $56,456, according to Go Banking Rates.
Why Are Houses So Cheap In Oklahoma?
Matt Frankel, CFP and mortgage analyst for The Motley Fool, said the reason Oklahoma housing is cheap is due to a combination of factors, including a large amount of developable, flat land. “The real estate market is supply and demand, so that takes care of the supply.
What Is The Main Culture In Oklahoma?
Oklahoma is truly a land of cowboys and Indians. Though most of the Native Americans who live in the state were forcibly relocated here, their presence makes up a large part of the history and culture of the state. Cattle ranchers and cowboys make up the other main social component of Oklahoma.
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Conclusion
Above, you have become familiar with the cost of living in the state of Oklahoma. Also, the cost of living in the different cities in Oklahoma. The cost of living in the state of Oklahoma is 15% lower than the national average. The cost of living in any area of Oklahoma can vary based on various factors, including the rates in the real estate market, restaurants, etc. so, while going through this article you now know the cost of living in Oklahoma.
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Is Oklahoma an expensive state to live in