The cost of living in Nashville, TN is 2.2% higher than in Oklahoma City, OK.
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 Tennessee an expensive state to live in?
Is it expensive to live in Tennessee? In short, no, the average costs of living in Tennessee is relatively low. According to the 2021 Cost of Living Index, Tennessee ranks sixth place for lowest cost of living in the United States.
Is the cost of living cheaper in Tennessee?
Tennessee’s quality of life is high, and its cost of living is low. Based on 2020 annual averages, Tennessee has the 8th lowest cost of living in the nation at 10.3% below the national average.
Is Oklahoma low cost of living?
The cost of living in Oklahoma is very low compared to the rest of the United States, second only to Mississippi in terms of affordability.
Why is Oklahoma so cheap?
What makes Oklahoma City so affordable? The short answer is housing. According to 2018 data from Kiplinger, Oklahoma City has one of the most affordable median home prices compared to other U.S. cities. Oklahoma City’s median house price was $148,000 in 2018, compared to the national median of $240,000.
What state has the lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Why is it so cheap to live in Tennessee?
This is mostly due to the majority of the state being in rural areas and the lack of a state income tax. While cities such as Nashville have high housing costs, this is balanced by below average costs of transportation, healthcare and child care.
Where is the cheapest place to live in Tennessee?
The 5 Most Affordable Places to Live in Tennessee
- Murfreesboro.
- Smyrna.
- Johnson City.
- Clarksville.
- Chattanooga.
Are houses cheaper in Tennessee?
In Tennessee, you can find some of the most inexpensive housing in the U.S. Although the median home value in Tennessee is a little over $120,000, in some areas like Union City and Humboldt, you can easily find a nice, single family home for around $60,000. Property taxes are also low, with the median rate at 0.68%.
How much money do you need to live comfortably in Tennessee?
–A study by personal finance company Go Banking Rates finds in order to live comfortably in Nashville, residents need to make $80,548 per year. The study examined housing costs, the price of necessities such as food and healthcare, and average incomes among America’s 50 largest cities.
What are the benefits of moving to Tennessee?
10 Pros And Cons Of Living In Tennessee
- Low cost of living.
- Reasonable property taxes.
- No income taxes.
- Tennessee Promise scholarship program.
- Abundant recreational opportunities.
- Gentle winter climate.
- Oppressive summer heat and humidity.
- A tendency for severe weather.
How much money do I need to live in TN?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 0 Children | |
| Required annual income after taxes | $28,076 | $43,090 |
| Annual taxes | $4,552 | $6,986 |
| Required annual income before taxes | $32,628 | $50,075 |
What’s the cheapest town in Oklahoma to live in?
10 most affordable places to live in Oklahoma:
- Seminole, OK.
- Holdenville, OK.
- Anadarko, OK.
- Alva, OK.
- Noble, OK.
- Henryetta, OK.
- Glenpool, OK.
- Del City, OK.
How much money do you need to live comfortably in Oklahoma?
According to the Massachusetts Institute of Technology’s (MIT) “Living Wage Calculator,” Oklahomans must make at least $7.98 an hour to cover basic living expenses. In Oklahoma County, a single adult must make at least $8.19 an hour to survive.
What is the best City in Oklahoma to live in?
Best Cities to Live in Oklahoma
| Rank | City |
|---|---|
| 1 | Enid |
| 2 | Broken Arrow |
| 3 | Bixby |
| 4 | Ponca City |
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.
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 is the second cheapest state to live in?
Kansas offers the second-cheapest cost of living in the nation. Housing costs in Kansas are 28% lower than the national average, the third-lowest in the country. The average single-family home in Kansas costs $176,898. Rents for a two-bedroom apartment average $862 a month.
