The cost of living index in Jenks, OK, stands at 91, which is 1% below the nationwide average of 100. This slight decrease is primarily due to the housing index, which is 15% lower than the national average. Despite this, other categories like groceries and utilities remain close to the national average, making Jenks a relatively affordable place to live.
Jenks, Oklahoma, offers a cost of living that is notably lower than the nationwide average. The nationwide average cost of living index is set at 100, and Jenks' overall cost of living index is 91. This means that, on average, residents in Jenks spend about 9% less than the average American. Housing costs in Jenks are particularly favorable, with an index of 85, indicating that housing expenses are 15% lower than the national average. This affordability can be a significant draw for those looking to purchase or rent a home.
In addition to housing, other areas such as groceries, utilities, transportation, healthcare, and miscellaneous items also contribute to the lower cost of living in Jenks. Groceries have an index of 95, meaning they are 5% cheaper than the national average. Utilities are slightly above average at 98, but still only 2% higher. Transportation costs are at 90, which is 10% lower. Healthcare costs are at 92, which is 8% lower, and miscellaneous expenses are at 88, making them 12% cheaper. These factors combine to create a cost of living in Jenks that is attractive for those seeking a more affordable lifestyle without sacrificing too many conveniences.