A+
18%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
42%
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 Chickasha Oklahoma National
Cost of living8286100
Goods & Services8791100
Groceries9394100
Health care10593100
Housing5869100
Transportation9893100
Utilities9798100

An Overview of Cost of Living in Chickasha, OK

The cost of living in Chickasha affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Chickasha is 82, which is 18% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Chickasha housing costs are 41.6% less than the national average, making this area an affordable place to live. Your net income can be heavily impacted by housing expenses, at times exceeding 30%. Fortunately, this area demonstrates that both homeownership and renting costs are significantly more budget-friendly than in the rest of the country. With such favorable housing affordability, Chickasha residents can earmark a more manageable portion of their income to housing.

Everyday essentials such as clothing, personal hygiene products and entertainment all contribute to your overall cost of living. The good news is that in Chickasha, these goods and services come in at 13.1% less than the national average. This means you can enjoy the things you need and love without breaking the bank. With such savings, you have the opportunity to allocate more funds towards your savings or other financial goals, ultimately enhancing your financial well-being.

Is Chickasha Affordable?

Is Chickasha affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Chickasha, for instance, where the median home price falls 49.8% lower than the national average, and monthly rent rates are 22.6% lower than usual. Additionally, median income levels contribute to the equation, with Chickasha flaunting a median household income of $48,796, 11.8% lower than the national norm.

What Factors can Influence the Cost of Living in Chickasha?

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 Chickasha, the transportation index is 2% lower than the national average.

Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.

Taxes: Areas with higher taxes, including sales taxes and income taxes, can contribute to a higher cost of living. Paying more tax for everyday goods and services like clothing and food will result in higher costs, as will paying a higher rate of income tax. The general sales tax rate in Chickasha starts at 4.5% and the income tax rates start at 0.25%.

Where is the Data From?

The cost of living in Chickasha, 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 Chickasha is 5% lower than the Oklahoma average
  • The cost of living in Chickasha is 18% lower than the national average
  • Chickasha housing is 42% lower 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 Chickasha

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Compare Chickasha, 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$60,371$5,031$1,409$1,811
      Renters$34,926$2,911$815$1,048
      A good indicator of the general affordability of housing in Chickasha, OK, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Chickasha, the median monthly income is $60,371 for those who own their own homes. Under the standard rule, that income level would allow for $1,409 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $34,926, per the median income in the area. That would allow for renters to spend up to $815 on monthly rental expenses.

      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 Chickasha National avg. Difference
      Haircut $21.23$24.2612.5%
      Beauty Salon $25.86$45.5643.2%
      Toothpaste $3.53$3.704.7%
      Shampoo $1.30$1.281.6%
      Movie $9.91$12.1318.4%
      Bowling $11.09$18.0038.4%

      Groceries

      Item Chickasha National avg. Difference
      Ground Beef $5.98$5.842.4%
      Fried Chicken $1.41$1.5710.2%
      Milk $4.59$4.671.7%
      Potatoes $4.94$4.930.1%
      Pizza $12.95$12.097.2%
      Beer $10.20$10.412.0%

      Health Care

      Item Chickasha National avg. Difference
      Optometrist $97.18$125.6822.7%
      Doctor $94.89$135.7830.1%
      Dentist $112.76$113.290.5%
      Ibuprofen $10.13$10.654.9%
      Lipitor $443.26$468.605.4%

      Housing

      Item Chickasha National avg. Difference
      Home Price $92,800.00$184,700.0049.8%
      Avg. Mortgage Payment $1,463.20$2,346.6937.6%
      Apartment Rent $735.00$949.0022.6%

      Transportation

      Item Chickasha National avg. Difference
      Gasoline $3.16$3.468.8%
      Tire Balancing $45.14$59.9224.7%

      Utilities

      Item Chickasha National avg. Difference
      All Electricity $192.91$193.990.6%
      Phone $194.09$192.251.0%
      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.
      Bradley, OK1557327.0%
      Alex, OK7197524.5%
      Norge, OK1807722.8%
      Cement, OK4407722.6%
      Verden, OK5847822.2%
      Chickasha, OK16,3268218.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Coos Bay, OR16,3261033.2%
      Beaver Dam, WI16,322946.3%
      Lebanon, IN16,317919.0%
      Fort Thomas, KY16,3351065.9%
      Pearl River, NY16,34014746.8%
      Chickasha, OK16,3268218.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.