A-
3%
Overall NAT. AVG.
7%
Goods & Services NAT. AVG.
25%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Bixby Oklahoma National
Cost of living10386100
Goods & Services9391100
Groceries9594100
Health care9193100
Housing12569100
Transportation8793100
Utilities9698100

An Overview of Cost of Living in Bixby, OK

Are you thinking about relocating, but curious about the potential cost of living in Bixby? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Bixby stands at 103, making it 3% higher than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Bixby are priced in a manner consistent with other areas. This means that residents of Bixby can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Housing costs are a very significant part of the Bixby cost of living index and generally encompass a large percentage of take-home income. Unfortunately, in this area, the housing costs for both homes and rentals were 25.5% more than the average city. This includes things like home and rent prices, mortgage rates and insurance.

Is Bixby Affordable?

Is Bixby an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Bixby is 31.3% higher than the national average, while the average monthly rent prices are 11.9% higher than average. The affordability of any location can also be influenced by median income levels. Bixby has a median household income of $83,955, which is 51.8% higher than the national average.

What Factors can Influence the Cost of Living in Bixby?

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Bixby, the transportation index is 13.4% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Bixby, the utilities index registers at 3.6% lower than the national average.

Urbanization: Larger, urban centers, known for their wealth of amenities and strong employment prospects, often exhibit an elevated cost of living, primarily attributable to the heightened demand for services and residential relocation. Consequently, this scenario leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural areas or regions characterized by diminished demand typically provide a more limited array of amenities and experience slower job market growth, resulting in a more affordable cost of living.

Where is the Data From?

The cost of living in Bixby, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Bixby is 19% higher than the Oklahoma average
  • The cost of living in Bixby is 3% higher than the national average
  • Bixby housing is 25% higher than the national average
  • Oklahoma general sales tax is 12% lower than the national average
  • Oklahoma state income tax is 90% lower than the national average

Most Affordable Places to Live in and Around Bixby

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Compare Bixby, OK Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$98,888$8,241$2,307$2,967
      Renters$50,373$4,198$1,175$1,511
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bixby, OK, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Bixby, homeowners have a median income of $98,888. Using that number, a maximum of $2,307 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $50,373, which means there is a maximum of $1,175 to be spent on the costs of renting a home or apartment.

      Oklahoma Sales Tax

      State General Sales Tax With Max Surtax
      Oklahoma 4.5% 11%

      Oklahoma Income Tax

      State Income Tax (Low) Income Tax (High)
      Oklahoma 0.25% 4.75%

      Goods & Services

      Item Bixby National avg. Difference
      Haircut $14.72$24.2639.3%
      Beauty Salon $33.89$45.5625.6%
      Toothpaste $3.82$3.703.1%
      Shampoo $0.98$1.2823.5%
      Movie $7.94$12.1334.6%
      Bowling $12.94$18.0028.1%

      Groceries

      Item Bixby National avg. Difference
      Ground Beef $5.84$5.840.0%
      Fried Chicken $1.41$1.5710.6%
      Milk $4.48$4.674.1%
      Potatoes $4.76$4.933.5%
      Pizza $11.16$12.097.7%
      Beer $10.00$10.414.0%

      Health Care

      Item Bixby National avg. Difference
      Optometrist $112.08$125.6810.8%
      Doctor $72.58$135.7846.5%
      Dentist $104.61$113.297.7%
      Ibuprofen $10.02$10.655.9%
      Lipitor $520.25$468.6011.0%

      Housing

      Item Bixby National avg. Difference
      Home Price $242,500.00$184,700.0031.3%
      Avg. Mortgage Payment $1,708.64$2,346.6927.2%
      Apartment Rent $1,062.00$949.0011.9%

      Transportation

      Item Bixby National avg. Difference
      Gasoline $3.19$3.467.9%
      Tire Balancing $63.89$59.926.6%

      Utilities

      Item Bixby National avg. Difference
      All Electricity $192.23$193.990.9%
      Phone $194.73$192.251.3%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Beggs, OK1,3778217.9%
      Haskell, OK2,0888317.4%
      Oakhurst, OK2,4358415.5%
      Winchester, OK6928614.3%
      Mounds, OK1,0138613.7%
      Bixby, OK27,3151032.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Round Lake Beach, IL27,3131021.6%
      Citrus Park, FL27,33311110.9%
      Imperial Beach, CA27,33416161.4%
      Easton, PA27,274972.6%
      Lake Jackson, TX27,2691043.6%
      Bixby, OK27,3151032.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.