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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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 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 Oklahoma’s cost of living?
Our cost of living indices are based on a US average of 100. An amount below 100 means Oklahoma is cheaper than the US average.
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’s the highest paying job in Oklahoma?
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 |
What is middle class income in Oklahoma?
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| State | Middle-class income | Median household income |
|---|---|---|
| Alabama | $45,559 | $51,734 |
| Oklahoma | $44,008 | $54,449 |
| Iowa | $43,997 | $61,691 |
| Ohio | $43,949 | $58,642 |
How much is low income for a single person?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
What is a livable wage for a single person?
According to their analysis, an employed single adult currently needs A$597 per week (before tax, and including housing costs) to live healthily. A couple with two young children needs almost twice as much: A$1,173. The national minimum wage is currently A$695 for a full-time worker.
What’s considered a good salary?
According to the census, the national average household income in 2019 was $68,703. A living wage would fall below this number while an ideal wage would exceed this number. Given this, a good salary would be $75,000.
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.
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 state to live in?
USA Today ranked Oklahoma as the fourth most affordable state in the US to live.In addition to this, the average rent in Oklahoma is much cheaper than the rest of the United States too.
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 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.
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.
What jobs are in demand in Oklahoma?
Detailed List Of The Fastest Growing Jobs In Oklahoma
| Rank | Job Title | Jobs in 2024 |
|---|---|---|
| 1 | Computer Numerical Controller Machinist | 3,880 |
| 2 | Personal Care Assistant | 18,740 |
| 3 | Industrial Mechanic | 6,770 |
| 4 | Home Health Aid | 9,750 |
What is the most common job in Oklahoma?
Secretary and truck driver. Secretary and truck drivers. Oklahoma’s most common job hasn’t changed in more than three decades.
What job pays the most without a degree?
What Is the Highest-Paying Job Without a Degree?
- Commercial Pilots: $121,430.
- Transportation, Storage, and Distribution Managers: $94,560.
- First-Line Supervisors of Police and Detectives: $91,090.
- Power Plant Operators, Distributors, and Dispatchers: $85,950.
- Elevator and Escalator Installers and Repairers: $84,990.
What is the average household income in Oklahoma?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $52,919 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $28,422 |
| Persons in poverty, percent | 15.2% |
Is $40 000 a year middle class?
Pew defines “middle class” as a person earning between two-thirds and twice the median American household income, which in 2019 was $68,703, according to the United States Census Bureau. That puts the base salary to be in the middle class just shy of $46,000.
