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Oklahoma Yearly Expenses
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Multi-State
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US-175-AZ
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How to fill out Yearly Expenses?
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FAQ
Living in Oklahoma is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 11.6% less than they do on average nationwide. Compared with all other states, Oklahoma has the eighth lowest overall cost of living.
Summary about cost of living in Oklahoma City, OK, United States: Family of four estimated monthly costs are 3,170$ without rent. A single person estimated monthly costs are 893$ without rent. Oklahoma City is 34.01% less expensive than New York (without rent).
Oklahoma. The second cheapest state to live in is Oklahoma. Not only is Oklahoma exceptionally affordable (i.e. super low home prices), but it's also a great place to live. The state's healthy economy, abundance of job opportunities and friendly residents are more reasons to move to Oklahoma.
If you're looking for cheap places to live in the United States or cheap vacations, Oklahoma should definitely be on your radar. The cost of living in Oklahoma is very low compared to the rest of the United States, second only to Mississippi in terms of affordability.
The second cheapest state to live in is Oklahoma. Not only is Oklahoma exceptionally affordable (i.e. super low home prices), but it's also a great place to live. The state's healthy economy, abundance of job opportunities and friendly residents are more reasons to move to Oklahoma.
Average monthly expenses per household: $5,111. The average expenses per month for one consumer unit in 2020 was $5,111. That means the average spending per year is $61,334.
According to the Massachusetts Institute of Technology's (MIT) "Living Wage Calculator," Oklahomans must make at least $7.98 an hour to cover basic living expenses. In Oklahoma County, a single adult must make at least $8.19 an hour to survive.
For cost of living, Oklahoma rated best in the nation, according to the CNBC rankings. Texas was not far behind, in ninth place. It would appear that, when both income taxes and property taxes are considered, the average Texan still comes out ahead, compared to their cousins in Oklahoma.
Average Cost of Living in Oklahoma: $34,533 per year Oklahoma has the third-lowest cost of living in the United States, behind only Kansas and Mississippi, according to MERIC's 2021 Cost of Living Index for the third quarter of 2021.
