Owasso, OK Cost Of Living
Cost Of Living In Owasso, OK Summary
Cost of living in Owasso research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Owasso is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oklahoma, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Owasso is 91, with 100 being the average.
The cost of living index in Owasso is 0.9x lower than the national average.
Owasso ranks as the #61 cheapest in Oklahoma out of 74.
Owasso ranks as the #1,804 cheapest out of 6,412 in the US.
The median home value in Owasso is $188,400.
The median income in Owasso is $71,621.
Table Of Contents
Owasso's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Owasso, OK?
According to the most recent data on the cost of living, Owasso has an overall cost of living index of 91, which is 0.9x lower than the national index of 100.
Compared to Oklahoma, Owasso has a cost of living index that's 1.1x higher than Oklahoma's index of 86.
The standard of living in Owasso ranks as #61 most affordable out of the 74 places we measured in Oklahoma. By definition, that implies Owasso ranks as the #13 most expensive place in the Sooner State.
For more reading on life in Owasso, check out:
- Living In Owasso
- Owasso Crime Report
- Search Homes For Sale In Owasso, OK
In Oklahoma
In America
Owasso Cost Of Living Vs. Oklahoma
Six factors go into calculating the cost of living index in Owasso. Here is how it fairs on each of the criteria:
The Services index in Owasso is 95.
The Groceries index in Owasso is 93.
The Health index in Owasso is 93.
The Housing index in Owasso is 89.
The Transportation index in Owasso is 85.
The Utilities index in Owasso is 94.
| Living Expense | Owasso | Oklahoma | National Average | |
|---|---|---|---|---|
| Overall | 91 | 86 | 100 | |
| Services | 95 | 92 | 100 | |
| Groceries | 93 | 94 | 100 | |
| Health | 93 | 92 | 100 | |
| Housing | 89 | 70 | 100 | |
| Transportation | 85 | 90 | 100 | |
| Utilities | 94 | 97 | 100 | |
Owasso, OK Housing Cost Breakdown
Housing swings affordability the most between places in Oklahoma, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Owasso is $188,400.
The Median Rent in Owasso is $1,090.
The Median Income in Owasso is $71,621.
The Home Value To Income in Owasso is 2.6x.
The Rent To Monthly Income in Owasso is 0.18x.
| Statistic | Owasso | Oklahoma | United States |
|---|---|---|---|
| Median Home Value | $188,400 | $150,800 | $244,900 |
| Median Rent | $1,090 | $862 | $1,163 |
| Median Income | $71,621 | $56,956 | $69,021 |
| Home Value To Income | 2.6x | 2.6x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Owasso, OK Costs By Category
Detailed Owasso Services Costs Vs. Oklahoma
Detailed Owasso Groceries Costs Vs. Oklahoma
Detailed Owasso Health Costs Vs. Oklahoma
Detailed Owasso Transportation Costs Vs. Oklahoma
Detailed Owasso Utilities Costs Vs. Oklahoma
Owasso SnackAbility
/10
Cost Of Living In Cities Around Owasso
The cost of living varies in the cities and towns around Owasso. Here's a quick look at the cost of living in the most populous nearby places:
Tulsa, OK has a cost of living index of 85, 0.9x Owasso.
Broken Arrow, OK has a cost of living index of 94, 1.0x Owasso.
Sand Springs, OK has a cost of living index of 86, 0.9x Owasso.
| City | Population | Cost Of Living | Vs. Owasso |
|---|---|---|---|
| Tulsa, OK | 410,652 | 85 | 0.9x |
| Broken Arrow, OK | 112,751 | 94 | 1.0x |
| Sand Springs, OK | 19,935 | 86 | 0.9x |
| Claremore, OK | 19,173 | 87 | 1.0x |
| Catoosa, OK | 7,821 | 85 | 0.9x |
| Collinsville, OK | 7,765 | 89 | 1.0x |
