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.
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How is the cost of living 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 |
|---|---|---|
| Overall | 83.7 | 100 |
| Grocery | 92.3 | 100 |
| Health | 115.8 | 100 |
| Housing | 54 | 100 |
What is a good salary to live a comfortable life?
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.
What is the average cost of living raise in Oklahoma?
Did the Cost of Living in Oklahoma City, OK increase in 2021? Oklahoma City, OK area prices were up 1.2% from a year ago. The largest increases were found in Transportation, Food, and Housing.
What is the cost of living in Oklahoma 2021?
Comparison Highlights
| Cost of Living Indexes | Oklahoma City, OK | Difference |
|---|---|---|
| Overall Index: Homeowner, No Child care, Taxes Not Considered | 84.4 | 2.4% less |
| Food & Groceries | 94.7 | 0.2% more |
| Housing (Homeowner) | 56.2 | 8.7% less |
| Median Home Cost | $165,200 | $14,700 (8.9% less) |
How much are utilities in Oklahoma?
Utility bills include the cost of electricity, gas, water, internet, and cable. Utility costs vary greatly by state. The most expensive utility bills can be found in Alaska, with an average cost of $496 per month.
Water Prices by State 2021.
| State | Oklahoma |
|---|---|
| Avg. Total Utilities | $268 |
| Electric | $109 |
| Internet | $20 |
| Nat. Gas | $71 |
Why is 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.
How much money do you need to live comfortably without working?
An emergency fund should have another three to six months’ worth of living expenses in it, so if you need $2,500 a month to live on, you’ll need a total of $30,000 for your “quit your job” and emergency funds combined. If you can save $1,000 a month, it will take you two and a half years to save that much.
Is 70000 a good salary?
According to the Bureau of Labor Statistics, the median salary of all individual workers (male and female of all races) was $881 weekly for the first quarter of 2018.An income of $70,000 surpasses both the median incomes for individuals and for households. By that standard, $70,000 is a good salary.
Is 42000 a good salary?
Monthly Budget for $42,000 Salary
This budget may not seem realistic to you, but remember, living costs vary greatly by state and city. One person may be able to spend way lower in one category than another. If the amounts don’t work for your life, play around with them a bit.
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.
Is Oklahoma a cheap place 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 minimum wage in Oklahoma?
$7.25 per hour
What is the minimum wage in Oklahoma in 2022? At this time, the Oklahoma minimum wage is $7.25 per hour, which is the same as the federal minimum wage rate.
How much does a gallon of milk cost in Oklahoma?
Food prices
| Markets | Edit |
|---|---|
| Milk (regular), (1 gallon) | 3.84$ |
| Loaf of Fresh White Bread (1 lb) | 2.20$ |
| Rice (white), (1 lb) | 1.59$ |
| Eggs (regular) (12) | 1.58$ |
How much are utilities in an apartment in Oklahoma?
Utilities. Oklahoma City has a utility average of 93. Practically, this means that the average monthly utility bill for an 85-meter apartment is approximately $157, which includes electricity, heating, cooling, water, and garbage collection. The Internet is an additional $68 a month.
How much does it cost to live in an apartment in Oklahoma?
Oklahoma City cost of living is 85.4
| COST OF LIVING | Oklahoma City | USA |
|---|---|---|
| Grocery | 94.7 | 100 |
| Health | 117.2 | 100 |
| Housing | 56.2 | 100 |
| Median Home Cost | $165,200 | $291,700 |
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 average electric bill in Oklahoma?
The study found Oklahoma’s average total energy cost per month was $331. The average monthly Oklahoma electric bill was $119, ranking 19th most expensive in the nation.
Is Oklahoma a good place to live?
Oklahoma City residents make a nice living, and, when that’s coupled with an affordable cost of living, that can make it an ideal place to live. The study, reported by CNBC, factored in average annual income in each area, as well as average monthly living expenses, median rent prices, groceries and utility bills.
Do houses have basements in Oklahoma?
Basements aren’t common in Oklahoma. And the reason why is because basements aren’t common in Oklahoma.
Is Oklahoma family friendly?
When it comes to family fun, Oklahoma is just second to none. From top-rated zoos to kid-approved educational hands-on museums, Oklahoma overflows with attractions that will satisfy the entire gang. Every year, waves of new spots are also added to an already impressive roster of family-friendly attractions.
