Cost of Living

The cost of living index in Chickasha is 84, which is 5% lower than the Oklahoma Average and 16% below the national average.* This means that a family earning $84,000 would have the same purchasing power as someone making $100,000. It also means that families can get more house for their money. Home prices are lower in Chickasha than in nearby Oklahoma City and Norman, prompting some families to leave the city behind for a larger house, quieter neighborhood and an easy commute to OKC for work. With many major employers located in Chickasha, it’s also easy to find employment close to home.

*Data used from Area Vibes.

Here’s where Chickasha’s low cost of living really stands out:

#1 Housing

Families can purchase a single-family home for $120,000, on average, with new construction starting at $179,000. This is compared to the national average of $229,800. Plus, there are many starter homes available for well under $100,000. Those looking for a rental can find one for as little as $750 a month. With home prices so low, families can buy more for their money or purchase a similar size home in Chickasha and have more disposable income each month.

#2 Taxes

Oklahoma state income taxes are low and so are Chickasha’s property taxes. The effective tax rate in Grady County is amount the lowest in the OKC MSA. When compared with nearby Dallas, Chickasha residents only pay $1,095 in annual taxes on a $150,000 home, as opposed to $3,260 in Dallas.

#3 Groceries

Groceries in Chickasha cost 84% of the national average, representing immediate savings. This allows Chickasha residents to buy more food for the same amount of money elsewhere or use those extra funds for other expenses.

#4 More Disposable Income

Since less needs to be spent on living expenses, Chickasha residents can enjoy having more disposable income than elsewhere in the United States. This lets Chickasha residents have more access to saving money or more money for entertainment.