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Cost of Living in Oklahoma City

Is it better to rent or buy in Oklahoma City? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$80,387
$1,233/mo

Median in area: $1,233

$233,121

Median in area: $233,121

$46,624

If you Rent

🔑
$1,447 /mo
Base Rent$1,233
Est. Utilities$214
% of Income21.6%
Pre-tax Residual$5,252

If you Buy

🏠
$1,718 /mo
P&I (6.5%)$1,179
Taxes & Ins$325
Est. Utilities$214
% of Income25.6%
Pre-tax Residual$4,981

Cost of Living FAQs

Is it cheaper to rent or buy in Oklahoma City?›

Based on median housing data, renting is currently more affordable on a monthly basis in Oklahoma City. The estimated all-in monthly cost for renting is $1,447, while owning a median-priced home with a 20% down payment is roughly $1,718 per month (a difference of $271).

How much do utilities cost in Oklahoma City?›

The average monthly utility cost (electricity and natural gas) for a typical home in Oklahoma City is approximately $214. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Oklahoma City?›

To comfortably afford the median rent and utilities in Oklahoma City without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $57,880 per year.