Oklahoma City · Population 688,693 · Updated March 2026
How far your income goes in Oklahoma City
State-level tax rates that affect your costs
Oklahoma City is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 74 (where 100 equals the national median), Oklahoma City residents can expect to pay median rent of $1,083/month while earning a median household income of $66,702/year.
The median home value in Oklahoma City, OK is $215,100, with typical monthly owner costs around $1,133 including mortgage, insurance, and taxes. The median rent-to-income ratio of 19.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Oklahoma City 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 Oklahoma City.
Common questions about living costs in Oklahoma City
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