Cost of Living in Oklahoma city, OK

Housing

The housing market plays a significant role in determining the cost of living in Oklahoma city, OK.

• Housing Index: 90.0 / 100
• Median Home Price is: $242000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1280 per month

Considering a move to Oklahoma city, OK? With a housing index of 90.0, the affordability here is slightly below the national average, making it an enticing locale for first-time buyers. The median home price of 242000 suggests reasonable entry points for homeownership in the area. For renters, expect to pay around 1200 for a two-bedroom apartment or 1280 for a house. Additionally, it's worth noting that many local amenities, schools, and parks enhance the living experience, making this a potentially wise choice for relocation.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Oklahoma city, OK.

• Electricity Price: 12.37 USD (median by state)
• Natural Gas Price: $20.27 USD per Thousand Cubic Feet (median by state)
• Other Utilities (water, garbage, etc.): $220 per month

Living in Oklahoma city, OK could entail higher utility costs. Electricity costs sit at 12.37, while natural gas is priced at 20.27 per Thousand Cubic Feet—both aligning with state medians. Expect to budget about 220 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 96.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $64251

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Oklahoma city, OK, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.