Updated
Updated · IndexBox, Inc. · Jul 10
Oklahoma Tops 2026 Purchasing Power Ranking With 84.7 Cost Index
Updated
Updated · IndexBox, Inc. · Jul 10

Oklahoma Tops 2026 Purchasing Power Ranking With 84.7 Cost Index

2 articles · Updated · IndexBox, Inc. · Jul 10

Summary

  • Oklahoma posted a MERIC composite cost-of-living index of 84.7 in 2026, about 15% below the U.S. benchmark, making it the state where household dollars stretch furthest.
  • Housing drove much of that advantage: Oklahoma’s housing subindex was 68.8 and its median home value was $222,100, implying about $22,000 for a 10% down payment.
  • Mississippi, West Virginia, Alabama and Kansas joined Oklahoma among the five cheapest states, reinforcing a South-and-Midwest pattern across groceries, utilities, transportation and healthcare.
  • Hawaii sat at the opposite extreme with a 183.9 composite index and a 299.0 housing subindex; its $875,900 median home price was nearly four times Oklahoma’s.
  • Those interstate gaps are increasingly shaping migration and budgets: nearly 15 million Americans moved in the past year, while California—third most expensive at 143.1—led outbound moves in 2025.

Insights

Beyond a cheap home, what are the hidden economic and quality-of-life tradeoffs in America's most affordable states?
As Americans chase affordability, are they just transplanting the housing crisis to new states like Oklahoma?
Is America's housing crisis fueling a long-term demographic decline by making it too expensive to raise a family?