Salary & Cost of Living in Oklahoma City, OK
Oklahoma City, OK: $55,000 median salary, cost of living index 87, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$55,000
$26/hr
Cost of Living
87
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
3%
rate
Oklahoma City, OK Overview
Population
681,054
Median Salary
$55,000
Average Salary
$61,000
Avg Commute
22 min
Median Home Price
$200,000
Median Rent
$1,000/mo
Job Growth
+1.5%
Sales Tax
8.63%
Oklahoma City is located in Oklahoma with a population of 681,054. The median household salary is $55,000 per year ($26/hour), which is $4,384 below the national median of $59,384. The average commute time is 22 minutes, and the city has a job growth rate of +1.5%.
Oklahoma City Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Oklahoma City, OK, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$43,756
$3,646.33/month · $1,682.92/biweekly · Effective Rate: 20.4%
Gross Pay
$55,000
Federal Tax
-$4,562
State Tax
-$2,475
Local Tax
$0
FICA
-$4,208
Net Pay
$43,756
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,583.33 | $55,000.00 |
| Federal Income Tax | -$380.13 | -$4,561.50 |
| Oklahoma State Tax (4.5%) | -$206.25 | -$2,475.00 |
| Social Security (6.2%) | -$284.17 | -$3,410.00 |
| Medicare (1.45%) | -$66.46 | -$797.50 |
| Net Take-Home Pay | $3,646.33 | $43,756.00 |
Salary Comparison: Oklahoma City vs Other Cities
See how Oklahoma City's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Oklahoma City, OK | $55,000 | 87 | $63,218 |
| National Average | $59,384 | 100 | $59,384 |
| Santa Ana, CA | $55,000 | 150 | $36,667 |
| Ontario, CA | $55,000 | 108 | $50,926 |
| New Haven, CT | $55,000 | 115 | $47,826 |
| Cape Coral, FL | $55,000 | 98 | $56,122 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Oklahoma City
Oklahoma City's cost of living index is 87 (national average = 100). Living in Oklahoma City is 13% less expensive than the national average.
Median Home Price
$200,000
Median Monthly Rent
$1,000
Annual Rent Cost
$12,000
Your Salary's Purchasing Power
Your $43,756 annual take-home pay in Oklahoma City has the purchasing power of approximately $50,294 in an average-cost US area. Your $55,000 salary stretches further here than in most US cities.
Top Industries in Oklahoma City
Oklahoma City's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $55,000.
Salary Tips for Oklahoma City Workers
- Your salary goes further here. Oklahoma City has a cost of living 13% below the national average. A salary of $55,000 here has the purchasing power of about $63,218 in an average-cost area.
- Research top industries. Oklahoma City's top industries include Energy, Healthcare, Government. Targeting roles in these sectors can help you earn above the $55,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Oklahoma City, OK?
The median salary in Oklahoma City, OK is $55,000 per year, or $26 per hour. The average salary is $61,000. This is $4,384 below the national median of $59,384.
What is the cost of living in Oklahoma City, OK?
Oklahoma City's cost of living index is 87 (national average = 100), meaning it is 13% less expensive compared to the national average. The median home price is $200,000 and the median monthly rent is $1,000.
What are the best industries in Oklahoma City?
The top industries in Oklahoma City, OK include Energy, Healthcare, Government. The city has a job growth rate of 1.5% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $55,000.
How does Oklahoma City's salary compare to other cities?
Oklahoma City's median salary of $55,000 is 7.4% below the national median of $59,384. However, when adjusted for cost of living (index: 87), the real purchasing power is approximately $63,218.
What is the minimum wage in Oklahoma City, OK?
The minimum wage in Oklahoma City, OK is $7.25 per hour. This equals approximately $15,080 per year for a full-time worker (40 hours/week). This matches the federal minimum wage of $7.25/hour.