Broken Arrow, OK

Below Avg · 83

Oklahoma · Population 115,919 · Updated March 2026

$1,240
Median Rent / Month
$85,220
Median Income
$229,300
Median Home Value
$1,283
Owner Costs / Month

Affordability

How far your income goes in Broken Arrow

17.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oklahoma

State-level tax rates that affect your costs

4.75%
Income Tax (Top Rate)
4.5%
Sales Tax
0.9%
Property Tax Rate

Estimated Annual Costs

$14,880
Annual Rent
$4,048
State Income Tax
$2,064
Property Tax (est.)

Cost of Living Overview

Broken Arrow is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Broken Arrow residents can expect to pay median rent of $1,240/month while earning a median household income of $85,220/year.

The median home value in Broken Arrow, OK is $229,300, with typical monthly owner costs around $1,283 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oklahoma has a moderate income tax rate of 4.75%. Combined with a 4.5% sales tax rate and 0.9% effective property tax rate, the overall tax environment is a factor in the total cost of living in Broken Arrow.

Frequently Asked Questions

Common questions about living costs in Broken Arrow

What is the cost of living in Broken Arrow, OK?
The cost of living index in Broken Arrow, OK is 83 (US average = 100). Median monthly rent is $1,240, median household income is $85,220/year, and the median home value is $229,300.
Is Broken Arrow, OK affordable?
Yes, Broken Arrow is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 17.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Broken Arrow, OK?
The median gross rent in Broken Arrow, OK is $1,240 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,880.
What is the median household income in Broken Arrow?
The median household income in Broken Arrow, OK is $85,220 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oklahoma?
Oklahoma has a top income tax rate of 4.75%, a sales tax of 4.5%, and an effective property tax rate of 0.9%.

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