This blog will discuss the cost of living in Oklahoma City, according to U.S. Census Bureau statistics released on October 26th, 2018. The data comes from a survey that asked respondents how much they spend each month on food and beverages (excluding alcohol), housing/rent and utilities, transportation costs such as gas or public transit fares and motor vehicle insurance premiums, health care costs (directly paid by respondent), child care expenses not covered by employer-sponsored benefits, clothing – including clothes for special occasions like weddings or religious ceremonies – school supplies , newspapers/magazines subscriptions
The “average cost of living in oklahoma per month” is a topic that many people are interested in. The average cost of living in Oklahoma City is $1,265 per month.
One of the top 10 cities to start a career in 2017 was Oklahoma City, OK, which was also named as the greatest American city to launch a new company. Perhaps this, along with Oklahoma City’s low cost of living, is what has drawn so many millennials and other business-minded individuals there over the last several years. You’re in good company if you’re thinking of moving to Oklahoma City as well.
However, the first thing to consider before relocating to any new place is if you can afford it. When preparing for a long distance transfer and lacking a thorough understanding of the city, this is extremely crucial. Will you be able to live comfortably or will the cost of living be extremely high, as in New York and LA?
To give you an idea of how inexpensive Oklahoma City, OK is, we’ve evaluated the expenses of living below. Making a choice is easier if you are aware of the situation.
Cost of living overall
The Cost of living overall in Oklahoma City, OK is 84.6, compared to a national average of 100. This means that the cost of living in OKC is relatively low compared to other US cities. That’s good news for millennials, entrepreneurs, and anyone moving there!
One of the key reasons Oklahoma City has a comparatively inexpensive cost of living is housing. With a typical house price of $126,900, OKC has a housing index of 70, which is lower than the national average of $216,200. You’ll be happy to hear that the average price of an 85 meter (900 square foot) furnished apartment in a typical OKC area is approximately $1000/month if you choose to rent and are forced to look for an apartment in a new city.
The average income for persons in Oklahoma City is $26,275 a year, but the national average is $28,555 a year. The typical household income in the US is $53,482 a year, compared to $47,004 in OKC. You must balance the reduced cost of living with the lower per capita and family income to determine if moving there is profitable for you.
Food and Restaurants
OKC’s grocery prices have an index of 88.9, which indicates that they are much less expensive than the national average. You can have a nice dinner at a reasonable price while dining out. A 3-course lunch for two at a midrange restaurant costs roughly $40.00, but the average price of a meal at a cheap restaurant is $10. You may anticipate a great standard of living in Oklahoma City at those costs.
The utility average in Oklahoma City is 93. This practically translates to an average energy expenditure of $157 per month for an 85-meter flat, which covers power, heating, cooling, water, and waste collection. An extra $68 is paid each month for Internet.
The housing and food indices are higher than the healthcare index in OKC, which is 96, but it is still below the national average. Everyone hopes they never become ill, but it’s a good idea to choose a city with reasonably priced healthcare just in case.
Transportation has an index of 99, and it includes gas, car insurance & maintenance, and mass transit fare. The cost of a Toyota Corolla (or similar car) in OKC is about $21,000. If buying/owning a car gets too pricey, you can take advantage of the city’s public transport system. A monthly pass costs $40.
Prepared to Move?
You can decide if relocating to Oklahoma City will be worthwhile for you now that you are aware of how affordable it is to live there. All that is left for you to do is go to OKC if it has captured your heart.
Unfortunately, relocating itself may be stressful, particularly if you’re moving from a distance. Check out this long distance relocation timetable if you need some assistance with the planning process. The more prepared you are before relocating to a new city, the better!
The “state of Oklahoma costs” are high. The cost of living in Oklahoma City is the highest in the state. Reference: how much does the state of oklahoma cost.
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