Oklahoma

Avg COL Index

86

vs. 100 national avg

Where the money goes

The biggest cost pressure in Oklahoma is car insurance, at 6% above the national average. The biggest break is rent, at 37% below it.

Rent trend

Rent rose an average of 4.6% over the past year across the 6 cities we track, faster than the 2.7% national change. Muskogee saw the biggest move (up 8.9%), while Oklahoma City was up just 2.4%.

City to city

Where you live inside Oklahoma matters. Typical rent runs from $1,048 in Muskogee to $1,384 in Oklahoma City, a gap of $336 a month or about $4,032 a year.

Affordability

Rent, gas, groceries, electricity and car insurance take about 40% of median household income in the counties we track, which ranks the 17th lowest of 51 states. Median household income there averages $63,642 (Census ACS 2023). Groceries are counted at what the average household in the region spends on food at home (BLS Consumer Expenditure Survey).

Energy and driving

Regular gas costs $3.57 a gallon, 10% below the $3.98 national average. A typical electric bill runs about $133 a month versus $166 nationally, and full coverage car insurance averages $2,280 a year versus $2,150.

Groceries

Grocery prices in the South rose 1.7% over the past year (BLS food at home), compared with 1.8% nationally. Item prices on our city pages are national BLS averages, so local stores may be higher or lower.