Salary & Cost of Living in Owasso, OK
Owasso, OK: $46,474 median salary, cost of living index 88.7, $7.25/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,474
$22/hr
Cost of Living
88.7
US avg = 100
Minimum Wage
$7.25
per hour
Unemployment
2.6%
rate
Owasso, OK Overview
Population
38,940
Median Salary
$46,474
Average Salary
$52,051
Avg Commute
20 min
Median Home Price
$172,000
Median Rent
$707/mo
Job Growth
+1.1%
Sales Tax
4.5%
Owasso is located in Oklahoma with a population of 38,940. The median household salary is $46,474 per year ($22/hour), which is $12,910 below the national median of $59,384. The average commute time is 20 minutes, and the city has a job growth rate of +1.1%.
Owasso Salary by Experience Level (2026)
Wage distribution in Owasso, OK based on BLS percentile breakdown of the $46,474 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $28,814 | $13.85/hr | 0–2 years |
| Mid-Level (Median) | $46,474 | $22.34/hr | 3–7 years |
| Senior-Level | $65,993 | $31.72/hr | 8–15 years |
| Top 10% (90th Percentile) | $82,724 | $39.77/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Owasso Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Owasso, OK, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$37,173
$3,097.74/month · $1,429.72/biweekly · Effective Rate: 20.0%
Gross Pay
$46,474
Federal Tax
-$3,538
State Tax
-$2,208
Local Tax
$0
FICA
-$3,555
Net Pay
$37,173
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,872.83 | $46,474.00 |
| Federal Income Tax | -$294.87 | -$3,538.38 |
| Oklahoma State Tax (4.75%) | -$183.96 | -$2,207.52 |
| Social Security (6.2%) | -$240.12 | -$2,881.39 |
| Medicare (1.45%) | -$56.16 | -$673.87 |
| Net Take-Home Pay | $3,097.74 | $37,172.84 |
Salary Comparison: Owasso vs Other Cities
See how Owasso's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Owasso, OK | $46,474 | 88.7 | $52,395 |
| National Average | $59,384 | 100 | $59,384 |
| Goshen, IN | $46,467 | 83.4 | $55,716 |
| Cleveland, TN | $46,487 | 88.2 | $52,706 |
| West Bend, WI | $46,461 | 85.9 | $54,087 |
| Deerfield Beach, FL | $46,543 | 101.1 | $46,037 |
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 Owasso
Owasso's cost of living index is 88.7 (national average = 100). Living in Owasso is 11.299999999999997% less expensive than the national average.
Median Home Price
$172,000
Median Monthly Rent
$707
Annual Rent Cost
$8,484
Your Salary's Purchasing Power
Your $37,173 annual take-home pay in Owasso has the purchasing power of approximately $41,909 in an average-cost US area. Your $46,474 salary stretches further here than in most US cities.
Top Industries in Owasso
Owasso's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,474.
Salary Tips for Owasso Workers
- Your salary goes further here. Owasso has a cost of living 11.299999999999997% below the national average. A salary of $46,474 here has the purchasing power of about $52,395 in an average-cost area.
- Research top industries. Owasso's top industries include Energy, Aerospace, Agriculture. Targeting roles in these sectors can help you earn above the $46,474 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.
Methodology & Local Economy Data Sources
How we calculate Owasso salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Owasso-OK metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Owasso indexed at 88.7.
- Median salary calculation: weighted average of Owasso's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $46,474 annual median.
- Tax burden reflects Oklahoma state income tax (4.75%) (no local income tax), sales tax (4.5%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Owasso: 2.6%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Energy, Aerospace, Agriculture — based on QCEW employment concentration data.
- Job growth: 1.1% projected through 2034, derived from BLS Employment Projections program for Oklahoma.
- Housing context: median home price $172,000, median rent $707/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Owasso, OK:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Owasso unemployment rate
- U.S. Census Bureau — Owasso QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Oklahoma — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Owasso's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Oklahoma labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Owasso, OK?
The median salary in Owasso, OK is $46,474 per year, or $22 per hour. The average salary is $52,051. This is $12,910 below the national median of $59,384.
What is the cost of living in Owasso, OK?
Owasso's cost of living index is 88.7 (national average = 100), meaning it is 11.299999999999997% less expensive compared to the national average. The median home price is $172,000 and the median monthly rent is $707.
What are the best industries in Owasso?
The top industries in Owasso, OK include Energy, Aerospace, Agriculture. The city has a job growth rate of 1.1% and an unemployment rate of 2.6%. Workers in these industries often earn above the city's median salary of $46,474.
How does Owasso's salary compare to other cities?
Owasso's median salary of $46,474 is 21.7% below the national median of $59,384. However, when adjusted for cost of living (index: 88.7), the real purchasing power is approximately $52,395.
What is the minimum wage in Owasso, OK?
The minimum wage in Owasso, 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.