Tulsa, Oklahoma. Tulsa’s one of the more affordable cities in this study, with the income needed to live comfortably coming in under $70,000 for both homeowners and renters.
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What salary do you need to live in Tulsa?
Typical Expenses
| 1 ADULT | ||
|---|---|---|
| 0 Children | 2 Children | |
| Required annual income after taxes | $22,786 | $60,430 |
| Annual taxes | $5,675 | $14,620 |
| Required annual income before taxes | $28,461 | $75,049 |
How much does it cost to live in Tulsa OK?
Tulsa cost of living is 83.2
| COST OF LIVING | Tulsa | Oklahoma |
|---|---|---|
| Housing | 51.3 | 54 |
| Median Home Cost | $150,500 | $146,600 |
| Utilities | 95.6 | 99.7 |
| Transportation | 89.7 | 89.2 |
What is a livable wage in Oklahoma?
Living Wage Calculation for Oklahoma City, OK
| 1 ADULT | 2 ADULTS (1 WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Living Wage | $14.11 | $31.10 |
| Poverty Wage | $6.13 | $12.60 |
| Minimum Wage | $7.25 | $7.25 |
How much money do you need to live comfortably 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.
What is a good salary in Tulsa?
Average Salary in Tulsa, OK
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $81,601 | $39 |
| 75th Percentile | $67,094 | $32 |
| Average | $57,108 | $27 |
| 25th Percentile | $44,880 | $22 |
What is a good salary for a single person 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.
Is Tulsa an expensive city?
Cost of Living in Tulsa, Oklahoma by Expense Category
Tulsa’s housing expenses are 35% lower than the national average and the utility prices are 18% higher than the national average. Transportation expenses like bus fares and gas prices are 2% lower than the national average.
Is Tulsa Oklahoma cheap to live?
PRO: The Cost of Living in Tulsa is Quite Affordable
The cost of living here is nearly 20% lower than the national average! Even better, housing prices are some of the lowest in the United States! Tulsa gets a score of 51/100 for housing prices on Niche, the city ranking website.
Is Tulsa a good place to live?
Not only is T-Town a safe and affordable place to live, but it’s also a great place for retirees to spend their golden years. Tulsa’s many restaurants, lively arts and entertainment, abundant outdoor recreation, and thriving sports culture all contribute to it being an excellent place for retirees to live.
What is a good salary in Oklahoma?
Hourly Rate Salary in Oklahoma
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $57,607 | $28 |
| 75th Percentile | $44,703 | $21 |
| Average | $42,307 | $20 |
| 25th Percentile | $26,729 | $13 |
What is the highest paying job in Oklahoma?
Owner/operator
Detailed List Of Highest Paying Jobs In Oklahoma
| Rank | Job Title | Average Salary |
|---|---|---|
| 1 | Owner/operator | $167,218 |
| 2 | Consultant And Sales Representative | $157,192 |
| 3 | Industrial Truck Driver | $154,960 |
| 4 | Family Practitioner | $154,925 |
Is $17 an hour a livable wage?
When we ran all of our numbers to figure out how much is $17 per hour is as an annual salary, we used the average working day of 40 hours a week.
$17 Per Hour is…
| $17 per Hour – Full Time | Total Income |
|---|---|
| Weekly (40 Hours) | $680 |
| Bi-Weekly (80 Hours) | $1,360 |
| Daily Wage (8 Hours) | $136 |
| Net Estimated Monthly Income | $2,250 |
What is the minimum wage in Tulsa Oklahoma?
$7.25 per hour
At this time, the Oklahoma minimum wage is $7.25 per hour, which is the same as the federal minimum wage rate.
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.
Is it cheaper to live in Texas or Oklahoma?
Average home prices are higher in Texas than in Oklahoma. At the same time, Texas charges no sales tax on groceries, while Oklahoma does.For cost of living, Oklahoma rated best in the nation, according to the CNBC rankings.
What is middle class in Oklahoma?
The common approach is to categorize the middle class as the group of earners at the center of the earnings scale, or the median.
Popular Articles.
| State | Middle-class income | Median household income |
|---|---|---|
| Oklahoma | $44,008 | $54,449 |
| Iowa | $43,997 | $61,691 |
| Ohio | $43,949 | $58,642 |
| Kentucky | $43,747 | $52,295 |
What is Oklahoma’s minimum wage 2021?
$7.25 per hour
Oklahoma’s state minimum wage rate is $7.25 per hour. This is the same as the current Federal Minimum Wage rate. The minimum wage applies to most employees in Oklahoma, with limited exceptions including tipped employees, some student workers, and other exempt occupations.
What is federal minimum wage?
$7.25 per hour
The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
Why are homes in Oklahoma so cheap?
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.
What is a comfortable income?
The median necessary living wage across the entire US is $67,690. The state with the lowest annual living wage is Mississippi, with $58,321. The state with the highest living wage is Hawaii, with $136,437.
