States › Oklahoma › Owasso

Is Owasso, OK expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,39820% lower than U.S. average
💵 Families earn per year (2026)$85,240about $7,103/month · 2% lower than U.S. average
🔑 House price$243,10027% lower than U.S. average

Rent is lower than in 64% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $55,920 a year. That is $27 an hour at a full-time job.

Is rent cheaper than other Oklahoma cities?

No. Rent here is more expensive than in most of Oklahoma. It is number 65 of 75 cities from cheapest to most expensive.

Owasso
$1,398
Bartlesville
$1,362
Muskogee
$976
Stillwater
$961
Enid
$902
Shawnee
$1,046
Bixby
$1,625

How much do households earn in Owasso?

Under $25k
9.4%
$25k–50k
22.4%
$50k–100k
41.8%
$100k–150k
16.6%
$150k+
7.4%

Share of households by yearly income. 24.0% of households earn $100,000 or more.

Rent by apartment size in Owasso

SizeOwassoU.S. average
Studio$1,245$1,338
1 bedroom$1,197$1,324
2 bedrooms$1,276$1,509
3 bedrooms$1,533$1,698
4 bedrooms$2,275$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Owasso overall?

Everyday prices in Oklahoma overall are 12% below the U.S. average (index 87.8, U.S. = 100).

Housing
63
Goods (food, clothes…)
94
Utilities
74
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Owasso, so the Oklahoma figure is shown.

Taxes and bills in Owasso

🏛️ Property tax$2,185a year · 0.90% of home value · U.S. $3,119
⚡ Electric bill$134a month (typical) · U.S. $156

Life in Owasso

Commute to work21.7 minU.S.: 26.4 min
College degree34.6%U.S.: 35.7%
Own their home63.5%U.S.: 65.2%
Below poverty line7.3%U.S.: 12.5%
Unemployment5.4%U.S.: 5.2%

Is it cheaper to rent or buy in Owasso?

Renting is cheaper right now: about $289 a month less.

Renting
$1,398
Owning
$1,687

Owning assumes a typical $243,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,310 for the down payment.

Frequently asked questions

What is the average rent in Owasso, OK?

Renting in Owasso costs a median of about $1,398 a month in 2026, including utilities. The Oklahoma median is $1,069.

How much do I need to make to live in Owasso?

To keep rent under 30% of income, you need about $55,920 a year, or $27 an hour at a full-time job.

Is Owasso cheap or expensive?

Owasso is rated Cheap: rent takes 19.7% of the typical household income of $85,240. It ranks 65th cheapest of 75 Oklahoma cities we track.

How much are property taxes in Owasso?

The median homeowner in Owasso pays $2,185 a year in property taxes, about 0.90% of the median home value.

Is Owasso more expensive than the national average?

Overall prices in Oklahoma are 12% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Owasso?

The median home value in Owasso is $243,100, about 2.9 times the typical yearly household income.

40,151 people live in Owasso. Numbers are typical (middle) values.