Housing costs in Oklahoma City?
A typical home costs
$292,800, which is 13.4% less expensive than the national average of
$338,100 and 67.7% more expensive than the average Oklahoma home, at
$174,600. Renting a two-bedroom unit in Oklahoma City costs
$1,120 per month, which is 20.4% more than the national average of
$930 and 10.7% more than the state average of
$1,000.
Can I afford Oklahoma City?
To live comfortably in Oklahoma City (zip 73116), Oklahoma, a minimum annual income of
$56,160 for a family, and
$36,000 for a single person is recommended.
What does A.I. say about Oklahoma City?
The cost of living in 73116 Oklahoma City, OK is very affordable. According to the Cost of Living Index, Oklahoma City has an index score of 92.5, which is 8.5 points lower than the national average. This means that overall, goods and services are more affordable in this area than most other cities in the United States. In addition, housing costs in this area are highly competitive compared with other metropolitan areas across the nation. The median home price is approximately $135,000, making it a great place for families and individuals looking to save money on housing costs. Furthermore, utilities and healthcare are relatively low when compared with other cities throughout the US and grocery prices remain below national averages as well. All these factors make 73116 Oklahoma City, OK an ideal place for people looking to save money while still having access to all the amenities of a major city.