Cost of Living in Owasso, OK

Population 39,013 · Oklahoma · Data vintage 2023

83
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Incomes in Owasso punch well above what you'd expect from a town of 39,013. The reason is straightforward: extraction-sector wages. Median household earnings of $79,386 pair with home values that remain well below the national median.

Located 12 miles northeast of Tulsa, Owasso falls within that metro's commuting orbit. Median home values run roughly 22% higher than Tulsa's $190,000.

Cost Overview

Housing 76
Rent 93

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

About the Cost of Living in Owasso

The median home value in Owasso is $231,400 — 24% below the national median of $305,000. Median rent runs $1,222/month, 7% lower than the national median of $1,314/month. The median household income of $79,386/year is 6% higher than the US median of $74,580. The local unemployment rate is 5.0%, above 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 72.0°F and lows of 50.6°F, with about 8.7" of annual snowfall. Overall, Owasso has a cost of living index of 83 versus the US average of 100, meaning it is 17% less expensive.

🏠 Housing

Median Home Value
$231,400
24% below avg
Zillow Home Value
$313,439
Zillow ZHVI
Median Rent
$1,222/mo
7% below avg
Zillow Rent
$1,510/mo
Zillow ZORI
Price-to-Rent Ratio
15.8x
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 64.5%
Renter-occupied 35.5%

💰 Estimated Monthly Budget

Rent median rent
$1,222
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,836/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
22.9 min
15% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
11.1%

Commute Mode

Drove alone
80.1%
Carpooled
7.6%
Public transit
0.0%
Walked
0.6%
Work from home
11.1%

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
$79,386
6% above avg
Per Capita Income
$36,627
Unemployment Rate
5.0%
3% above avg
Poverty Rate
6.7%
Labor Force Participation
70.5%

🎓 Education

Bachelor's degree+ 25.1%
Graduate degree 10.8%

👥 Demographics

Median Age 33.6
Male median age 30.8
Female median age 35.9

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.0°F
Avg Low
50.6°F
Annual Precip
41"
Annual Snowfall
8.7"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 495463728088949385746151
Low °F 283241506069737263513931
Precip" 1.631.623.104.375.734.653.763.383.853.782.662.43
Snow" 1.92.41.90.00.00.00.00.00.00.00.81.7

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 53 — Moderate
38.9%
Good air days/yr
197
Max AQI recorded
204
PM2.5 days
154
Ozone days

🏫 Schools

NCES CCD 2019 — public school district data

90%
4-Year Graduation Rate
18.4:1
Student-teacher ratio
13
Public schools
9,782
Total enrollment

Frequently Asked Questions

What is the cost of living in Owasso, OK?

Owasso has a cost index of 83 (100 = national average). It is 17% below the national average.

What is average rent in Owasso, OK?

The median gross rent in Owasso is $1,222 per month based on 2023 Census data.

What is the average home price in Owasso?

The median home value in Owasso is $231,400 according to Zillow and Census data.

What is the median income in Owasso?

The median household income in Owasso is $79,386 per year (2023 ACS 5-year estimates).

What is the sales tax in Owasso, OK?

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

Is Owasso, OK affordable?

Yes, Owasso is generally considered affordable, with a cost of living index of 83 — about 17% below the US national average of 100.

What is the weather like in Owasso?

Owasso has average high temperatures of 72.0°F and average lows of 50.6°F. Annual precipitation is 41". Average annual snowfall is 8.7". Data from NOAA 1991–2020 Climate Normals.

Owasso at a Glance

Population
39,013
Median Income
$79,386
Home Value
$231,400
Median Rent
$1,222/mo
Unemployment
5.0%
Avg High Temp
72.0°F
Sales Tax
9.0%
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