Cost of Living in May, OK
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.5
100 = national avg
-42.5 vs national average
Living Wage (1 Adult)
$25,283
per year
Living Wage (Family of 4)
$59,760
per year
Cost Index by Category
Housing20.0
Food76.8
Transportation105.2
Healthcare81.4
Utilities70.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$732
per month
2 Bedroom
$937
per month
The overall cost of living index in May is 57.5, which is 42.5% below the national average. Housing costs are below the national average at an index of 20.0. A single adult needs to earn approximately $25,283 per year to cover basic expenses.