What salary do you need to live in Oklahoma?
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What salary do you need to live in Oklahoma?
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.
How much does it cost to live in Oklahoma?
An amount below 100 means Oklahoma is cheaper than the US average. A cost of living index above 100 means Oklahoma, Oklahoma is more expensive….Oklahoma cost of living is 83.7.
| COST OF LIVING | Oklahoma | United States |
|---|---|---|
| Health | 115.8 | 100 |
| Housing | 54 | 100 |
| Median Home Cost | $146,600 | $291,700 |
| Utilities | 99.7 | 100 |
What is considered a high salary in Oklahoma?
Upper Class Salary in Oklahoma
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $73,737 | $6,144 |
| 75th Percentile | $60,372 | $5,031 |
| Average | $54,117 | $4,509 |
| 25th Percentile | $35,025 | $2,918 |
Is Oklahoma cheap to live?
Oklahoma is a very budget-friendly state. From raising a family to retirement, the Sooner State has affordable housing and a low cost of living. AreaVibes reveals the best places to live in Oklahoma by using a Livability Score out of 100.
What is the cheapest town in Oklahoma to live in?
10 most affordable places to live in Oklahoma:
- Blackwell, OK.
- Perry, OK.
- Seminole, OK.
- Holdenville, OK.
- Anadarko, OK.
- Alva, OK.
- Noble, OK.
- Henryetta, OK.
Why is the cost of living so low in Oklahoma?
Oklahoma’s cost of living is low in two primary areas: housing and transportation. Real estate is at a surplus within Oklahoma, making it easier for families to afford larger homes for less. Further, gas prices are exceptionally low in Oklahoma, now more than ever.
Is living in Oklahoma expensive?
Oklahoma has the second-lowest-cost of living index of 86.8. Oklahoma also has significantly lower housing costs, with the average rent for a two-bedroom apartment costing about $879 per month. The living wage in Oklahoma is about $47,000.
Why is housing so cheap in Oklahoma?
Matt Frankel, CFP and mortgage analyst for The Motley Fool, said the reason Oklahoma housing is cheap is due to a combination of factors, including a large amount of developable, flat land. “The real estate market is supply and demand, so that takes care of the supply.