Cost of Living in Tulsa, OK

With a cost of living index of 77, Tulsa, OK is a very affordable place to live. Living here is 23% cheaper than the national average and 6% above the Oklahoma state average of 71. As a major city with a population of 412,322, Tulsa offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Tulsa's cost of living. The median monthly rent is $998 (24% below the US median of $1,319), and the median home value sits at $189,600 (38% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Tulsa is $58,407, which is 22% lower than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Tulsa. The area sees an average annual temperature of 61.3°F, with summers averaging 81°F and winters around 41°F. Annual rainfall totals 41 inches spread over roughly 94 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Tulsa, OK (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.