Overall, the cost of living in Arkansas is slightly less than the cost of living in Oklahoma. On a scale of 0 to 100 (with 100 representing the US average), Arkansas rates 79, while Oklahoma rates 83.7.
How much does it cost to live comfortably in Oklahoma?
Oklahoma City cost of living is 85.4
| COST OF LIVING | Oklahoma City | Oklahoma |
|---|---|---|
| Grocery | 94.7 | 92.3 |
| Health | 117.2 | 115.8 |
| Housing | 56.2 | 54 |
| Median Home Cost | $165,200 | $146,600 |
Is Arkansas an expensive state to live in?
Arkansas has the fourth-lowest cost of living in the country, with lower-than-average housing and the third-lowest residential electricity prices.
Is Oklahoma an expensive state to live in?
An amount below 100 means Oklahoma is cheaper than the US average. A cost of living index above 100 means Oklahoma, Oklahoma is more expensive.
Oklahoma cost of living is 83.7.
| COST OF LIVING | Oklahoma | United States |
|---|---|---|
| Overall | 83.7 | 100 |
| Grocery | 92.3 | 100 |
| Health | 115.8 | 100 |
| Housing | 54 | 100 |
Is Arkansas cheap to live?
An amount below 100 means Arkansas is cheaper than the US average. A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Overall | 79 | 100 |
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
Why is housing so cheap in Oklahoma?
Matt Frankel, CFP and mortgage analyst for The Motley Fool, said the reason Oklahoma housing is cheap is due to a combination of factors, including a large amount of developable, flat land. “The real estate market is supply and demand, so that takes care of the supply.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Why is housing so cheap in Arkansas?
Low demand to live in Arkansas (for whatever the reason, low job growth, now a desirable place to live, etc) causes low movement of inventory, which would cause low pricing (in order to move inventory quicker.
Is it cheaper to live in Texas or Arkansas?
Arkansas is 4.3% more expensive than Texas.
How much money do you need to live in Arkansas?
The typical renter in Arkansas spends $729 a month on housing, $294 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $554, while the typical rent for a unit with five or more bedrooms is $1,099.
Is Oklahoma a cheap place to live?
The second cheapest state to live in is Oklahoma. Not only is Oklahoma exceptionally affordable (i.e. super low home prices), but it’s also a great place to live. The state’s healthy economy, abundance of job opportunities and friendly residents are more reasons to move to Oklahoma.
What is the cheapest and safest state to live in?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
Is it cheaper to live in Texas or Oklahoma?
For cost of living, Oklahoma rated best in the nation, according to the CNBC rankings. Texas was not far behind, in ninth place. It would appear that, when both income taxes and property taxes are considered, the average Texan still comes out ahead, compared to their cousins in Oklahoma.
Why you should not live in Arkansas?
Unfortunately, Arkansas is known for very high poverty. Routinely clocking in as one of the bottom 10 states in the nation with a 15%+ poverty rate. The state’s rate is about 50% higher than the average rate across the United States. Furthermore, Arkansas is also known for its obesity rate.
What’s the cheapest town to live in Arkansas?
The cheapest cities in Arkansas for renters
- Benton.
- Bryant.
- Jonesboro.
- Sherwood.
- Marion.
- Conway.
- Russellville.
- Texarkana.
Is Oklahoma a good place to live?
Oklahoma City residents make a nice living, and, when that’s coupled with an affordable cost of living, that can make it an ideal place to live. The study, reported by CNBC, factored in average annual income in each area, as well as average monthly living expenses, median rent prices, groceries and utility bills.
Is it a good time to buy a house in Oklahoma?
The best time to buy a home in Oklahoma is in the winter. Prices fall considerably during this time. The months of November and December record the lowest home pricing in a year. If you’re willing to brave the cold temperature when hunting for a house, there are very real profits to be made.
How safe is Oklahoma?
Oklahoma’s crime rates remain above the national average this year. Among all 50 states, Oklahoma has the tenth-highest violent crime rate and the sixth-highest property crime rate.
Is Oklahoma retiree friendly?
Oklahoma has one of the lowest costs of living of any U.S. state, making it a great choice for an affordable retirement. The state’s tax system is likewise friendly toward budget-conscious retirees. Oklahoma provides a full exemption for Social Security retirement benefits.
What is the best state to live in financially?
Overall ranking of best states for your finances
| Rank | State | Score |
|---|---|---|
| 1 | Tennessee | 4.33 |
| 2 | Utah | 4.45 |
| 3 | Idaho | 4.59 |
| 4 | Arkansas | 4.91 |
What state in the U.S. has the cheapest rent?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
