Cost of Living in Oklahoma, OK 2026

Affordability

How far your income goes in Oklahoma

19.5%

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

$12,996

Annual Rent

$3,168

State Income Tax

$1,936

Property Tax (est.)

Cost of Living Overview

Oklahoma 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 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, 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 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.

Frequently Asked Questions

Common questions about living costs in Oklahoma

What is the cost of living in Oklahoma, OK?

The cost of living index in Oklahoma, OK is 74 (US average = 100). Median monthly rent is $1,083, median household income is $66,702/year, and the median home value is $215,100.

Is Oklahoma, OK affordable?

Yes, Oklahoma is more affordable than the national average with a cost index of 74. The rent-to-income ratio is 19.5%—below the 30%% threshold considered affordable by HUD.

What is the average rent in Oklahoma, OK?

The median gross rent in Oklahoma, OK is $1,083 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,996.

What is the median household income in Oklahoma?

The median household income in Oklahoma, OK is $66,702 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%.

Oklahoma, OK

Affordability

Tax Burden in Oklahoma

Estimated Annual Costs

Cost of Living Overview

Frequently Asked Questions

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