Cost of living in Oklahoma City: rent, homes and salary
The cost of living in Oklahoma City averages 9.6% under the US rate. For the Oklahoma City, OK metro area, BEA recorded an RPP of 90.4 in 2024, compared with 100 for the US, while housing stood at 73.9.
- Level of prices
- 90.4US = 100, BEA 2024
- The price level for housing
- 73.9. Rents, US = 100.
Cost of living index for Oklahoma City
A regional price parity compares the cost of the same goods and services in one area with the US average, which is set at 100. Oklahoma City belongs to the Oklahoma City, OK metro area, which BEA prices as a single area. Housing (rents) differs most from the US average, with an index of 73.9 that is 26.1% below the US.
| Price level, US = 100 | Oklahoma City, OK metro | Oklahoma | Metro against the US |
|---|---|---|---|
| All items | 90.4 | 87.8 | −9.6% |
| Goods | 93.8 | 93.8 | −6.2% |
| Housing (rents) | 73.9 | 62.8 | −26.1% |
| Utilities | 74.1 | 73.9 | −25.9% |
| Other services | 95.5 | 95.5 | −4.5% |
Regional price parities for metro areas and states, 2024: U.S. Bureau of Economic Analysis. BEA price parities
Rental costs in Oklahoma City
The Zillow Observed Rent Index (ZORI) places the typical asking rent for homes listed now in Oklahoma City at $1,285 a month. This is up 2.8% from a year earlier. The US figure is $1,932. Census median gross rent is $1,178. It includes every renting household, not just new leases. Asking rent for one year equals 22% of median household income.
| Rent | Oklahoma City | United States |
|---|---|---|
| Typical asking rent, Zillow ZORI | $1,285 | $1,932 |
| Asking rent, 12-month change | +2.8% | |
| Median gross rent, Census ACS 2024 | $1,178 | $1,487 |
| One year of asking rent, as a share of median income | 22% | 28% |
Source: Zillow Observed Rent Index; one-year estimates from the Census Bureau American Community Survey 2024.
Values of homes in Oklahoma City
In September 2026, the typical Oklahoma City home was worth $204,979, according to the Zillow Home Value Index (ZHVI), which measures values for homes in the middle of the market. The Oklahoma City figure was +0.3% higher than a year earlier, while the US home value was $366,157. The typical home costs 2.9 years of median household income, compared with 4.5 years for the US.
| Home prices | Oklahoma City | United States |
|---|---|---|
| Typical home value, September 2026 | $204,979 | $366,157 |
| 12-month change | +0.3% | +1.2% |
| 10-year change | +67.8% | +77.4% |
| Price to income (years of median income) | 2.9 | 4.5 |
| Price to rent (years of asking rent) | 13.3 | 15.8 |
Days on market, the forecast, and the price chart since 2000: Oklahoma City housing market.
Living in Oklahoma City: how much salary you need
Two questions set the Oklahoma City salary needed to maintain today's buying power: your location and your income.
- Moving from
- Salary
The method and every city are shown side by side in the city cost of living comparison.
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Oklahoma City cost of living compared with other cities
| City | Level of prices | Housing | The typical rent figure | The typical home value figure |
|---|---|---|---|---|
| Oklahoma City | 90.4 | 73.9 | $1,285 | $204,979 |
| Tulsa | 89.2 | 68.2 | $1,273 | $217,760 |
| New York City | 112.6 | 148.6 | $4,089 | $825,854 |
| Los Angeles | 113.6 | 170.4 | $2,772 | $927,891 |
| Chicago | 103.6 | 112.0 | $2,311 | $334,108 |
| Houston | 98.6 | 104.5 | $1,544 | $259,465 |
| Phoenix | 103.3 | 121.2 | $1,571 | $404,067 |
| Philadelphia | 102.6 | 113.1 | $1,757 | $231,584 |
| San Antonio | 94.7 | 94.6 | $1,381 | $244,623 |
Price levels from BEA regional price parities (2024), US = 100. Rental data: Zillow ZORI. Home value from Zillow ZHVI, September 2026.
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