A+
15%
Overall NAT. AVG.
13%
Goods & Services NAT. AVG.
31%
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 Warr Acres Oklahoma National
Cost of living8586100
Goods & Services8791100
Groceries9394100
Health care10593100
Housing6969100
Transportation9893100
Utilities9798100

An Overview of Cost of Living in Warr Acres, OK

Are you thinking about relocating, but curious about the potential cost of living in Warr Acres? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Warr Acres stands at 85, making it 15% lower 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 essentials such as clothing, personal hygiene products and entertainment all contribute to your overall cost of living. The good news is that in Warr Acres, 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 Warr Acres Affordable?

Is Warr Acres affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Warr Acres, the median home price is 36.3% lower than the national average and monthly rent prices are 19.6% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Warr Acres boasting a median household income of $48,715, 11.9% lower than the national average.

What Factors can Influence the Cost of Living in Warr Acres?

Groceries: Grocery prices have seen substantial hikes in the last 2-3 years, with some markets witnessing food cost increases of over 20% during this period. Conversely, certain markets have experienced only moderate upticks. These variations in food expenses can have a substantial impact on the overall cost of living in any locality. In Warr Acres, the groceries index is 6.8% lower than the national average.

Urbanization: Urban areas with extensive amenities and job opportunities tend to have a higher cost of living due to increased demand for services and relocation, resulting in higher home prices and higher rents. Less densely populated rural areas, or areas with less demand tend to have fewer amenities and slower job growth, which results in a lower cost of living.

Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Warr Acres comes in at 3.4% lower than the national average.

Where is the Data From?

The cost of living in Warr Acres, 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 Warr Acres is 1% lower than the Oklahoma average
  • The cost of living in Warr Acres is 15% lower than the national average
  • Warr Acres housing is 31% 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 Warr Acres

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Compare Warr Acres, 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$57,031$4,753$1,331$1,711
      Renters$26,250$2,188$612$788
      To approximate the cost of living and the housing affordability in Warr Acres, OK, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Warr Acres have a median income of $57,031. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,331 per month to avoid calamity and poverty. The renters in the city have an income of about $26,250, which would make their monthly maximum allowable rental costs $612.

      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 Warr Acres 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 Warr Acres 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 Warr Acres 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 Warr Acres National avg. Difference
      Home Price $117,600.00$184,700.0036.3%
      Avg. Mortgage Payment $1,463.20$2,346.6937.6%
      Apartment Rent $763.00$949.0019.6%

      Transportation

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

      Utilities

      Item Warr Acres 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.
      Valley Brook, OK9047722.8%
      Spencer, OK3,9857921.5%
      Smith Village, OK737920.9%
      Del City, OK21,7628217.6%
      Midwest City, OK57,3928614.2%
      Warr Acres, OK10,1698515.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Marlton, NJ10,17111313.1%
      Ramara, ON10,171n/a 
      Waverly, IA10,1728911.3%
      Great Neck, NY10,17219897.9%
      Panthersville, GA10,164928.3%
      Warr Acres, OK10,1698515.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.