Cost of Living in Oklahoma City, OK

Population 688,693 · Oklahoma · Data vintage 2023

75
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Oklahoma City offers a notably favorable income-to-housing ratio for its region. The typical home — $215,000 — costs less than 3.2 times median household income of $66,702, a threshold many coastal markets passed a decade ago.

Cost Overview

Housing 71
Rent 82

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Oklahoma City

The median home value in Oklahoma City is $215,100 — 29% below the national median of $305,000. Median rent runs $1,083/month, 18% lower than the national median of $1,314/month. The median household income of $66,702/year is 11% lower than the US median of $74,580. The local unemployment rate is 4.7%, below the national average of 4.8%. Oklahoma's top state income tax rate is 4.8% and the combined sales tax is 9.0%. The climate averages highs of 71.4°F and lows of 48.8°F, with about 6.7" of annual snowfall. Overall, Oklahoma City has a cost of living index of 75 versus the US average of 100, meaning it is 25% less expensive.

🏠 Housing

Median Home Value
$215,100
29% below avg
Zillow Home Value
$203,328
Zillow ZHVI
Median Rent
$1,083/mo
18% below avg
Zillow Rent
$1,254/mo
Zillow ZORI
Price-to-Rent Ratio
16.6x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$678
1 BR
$728
2 BR
$910
3 BR
$1,220
4 BR
$1,439
Owner-occupied 59.1%
Renter-occupied 40.9%

💰 Estimated Monthly Budget

Rent median rent
$1,083
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,697/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.7 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
9.8%

Commute Mode

Drove alone
77.0%
Carpooled
9.6%
Public transit
0.4%
Walked
1.4%
Bicycle
0.2%
Work from home
9.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.8%
Total Sales Tax 9.0%
State rate 4.5%
Avg local rate 4.5%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$66,702
11% below avg
Per Capita Income
$37,109
Unemployment Rate
4.7%
2% below avg
Poverty Rate
15.2%
Labor Force Participation
67.4%

🎓 Education

Bachelor's degree+ 21.5%
Graduate degree 12.4%

👥 Demographics

Median Age 35
Male median age 34.1
Female median age 35.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.4°F
Avg Low
48.8°F
Annual Precip
36.4"
Annual Snowfall
6.7"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495463717988939284736150
Low °F 273140485866706962493830
Precip" 1.321.422.553.605.314.493.593.603.723.321.681.79
Snow" 1.81.80.80.00.00.00.00.00.00.00.51.8

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
41.1%
Good air days/yr
136
Max AQI recorded
208
PM2.5 days
140
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

67.4%
4-Year Graduation Rate
16.4:1
Student-teacher ratio
74
Public schools
41,843
Total enrollment

Frequently Asked Questions

What is the cost of living in Oklahoma City, OK?

Oklahoma City has a cost index of 75 (100 = national average). It is 25% below the national average.

What is average rent in Oklahoma City, OK?

The median gross rent in Oklahoma City is $1,083 per month based on 2023 Census data.

What is the average home price in Oklahoma City?

The median home value in Oklahoma City is $215,100 according to Zillow and Census data.

What is the median income in Oklahoma City?

The median household income in Oklahoma City is $66,702 per year (2023 ACS 5-year estimates).

What is the sales tax in Oklahoma City, OK?

The combined state and local sales tax rate in Oklahoma City is 9.0%. The Oklahoma state income tax top rate is 4.8%.

Is Oklahoma City, OK affordable?

Yes, Oklahoma City is generally considered affordable, with a cost of living index of 75 — about 25% below the US national average of 100.

What is the weather like in Oklahoma City?

Oklahoma City has average high temperatures of 71.4°F and average lows of 48.8°F. Annual precipitation is 36.4". Average annual snowfall is 6.7". Data from NOAA 1991–2020 Climate Normals.