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What’s the Cost of Living in Tulsa, OK?

When retiring, you will need to take a look at your budget and see if you can afford to live where you want. According to Forbes, living in Tulsa is affordable with the cost living rate 4.4 percent below the national average.

Below is an outline of all the costs of living in Tulsa. You can review all these places to save money.

A Home in Tulsa

The median price per square in Tulsa was $85, which is lower than the metro area average of $93. The median home price in Tulsa is $152,900. The average rent in the city of Tulsa is $746. One-bedroom apartments rent around $647 a month, while two-bedroom apartments rent for about $816 a month.

The average electric bill in Tulsa runs about $139 a month, which is lower than the national average. The average residential electricity rate is 32.5 percent lower in Tulsa compared to the US.

Food in Tulsa

Most grocery food items cost less in Tulsa than the national average. Tulsa shoppers pay around $4.25 for ground beef, $2.54 for milk, and $8.49 for a pizza.

Transportation in Tulsa

The average price for gasoline in Tulsa was $1.66 a gallon, which is lower than the national average. Retirees can save on gas prices since they drive less after giving up the daily work commute.

You can save by riding on public transportation. The monthly fare for seniors in Tulsa is $22.50.

The car insurance premium in Oklahoma averaged around $110 a month. These rates can be different based on your driving record, type and year of your vehicle, the amount you drive, and discounts on your policy. You can get discounts for bundling your home and auto policies.

Senior Health Care in Tulsa

The cost of senior care is typically less than the national average. Assisted living care in Tulsa averages $39,300 annually, which is much lower than the national rate of $46,000. The national average cost for nursing home care is $80,300 for a semi-private room and $91,250 for a private room. Nursing home care costs in Tulsa are significantly lower with median rates of $52,900 for a semi-private room and $68,400 for a private room.

Adult day care services in Tulsa are also lower than the national averages. The annual adult health care rate in Tulsa averaged $16,900 compared to the national average of $17,600. Home health aide costs are higher in Tulsa with annual averages of $50,300 in comparison to $46,300 for the nation.

To help you save money, it’s always wise to shop around for all your services, especially insurance and utilities where rates can vary per company. You should also shop around for lower-priced groceries. Find a home near your destinations, so you can walk which will save you money and give you some exercise. Be sure to examine all areas of your expenses to see where you can save.

Learn more about Tulsa Retirement Planning here:

How Much Does It Cost to Retire in Tulsa, OK?

Tulsa Financial Advisors

Tulsa Elder Law Attorneys

Tulsa Senior Realtors

Tulsa Senior Movers and Downsizers

Tulsa Neighborhood Guide

Live Like a Local in Tulsa

Tulsa Demographics and Lifestyle

Find assisted living in Tulsa near you.