Tulsa vs Oklahoma City: Mortgage Cost Comparison
Thinking about buying in Tulsa or Oklahoma City? Here's a side-by-side comparison of mortgage costs in both cities.
$1,383
Tulsa PITI
$1,507
Oklahoma City PITI
$124/mo
Difference
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? Monthly payment PITI with taxes & insurance included
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? Bi-weekly payment PITI if paid every other week
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Tulsa vs Oklahoma City: Full Mortgage Comparison
Buying a home in Tulsa is $124/month cheaper based on average home prices and local costs.
| Tulsa, OK | Oklahoma City, OK | |
|---|---|---|
| Avg. Home Price | $200,000 | $215,000 |
| Down Payment (20%) | $40,000 | $43,000 |
| Loan Amount | $160,000 | $172,000 |
| Property Tax Rate | 0.88% | 0.95% |
| Annual Property Tax | $1,760 | $2,043 |
| Annual Insurance | $2,700 | $3,000 |
| Monthly P&I | $1,011 | $1,087 |
| Monthly PITI | $1,383 | $1,507 |
| Total Interest (30yr) | $204,071 | $219,377 |
What Drives the Difference?
Home prices are the biggest factor — Oklahoma City’s average home costs $15,000 more than Tulsa’s.
Property taxes also favor Tulsa — Oklahoma City’s 0.95% rate is higher than Tulsa’s 0.88%.
Insurance is $300/year more in Oklahoma City.
Income Needed to Buy
Using the 28% rule (PITI under 28% of gross income):
| Tulsa | Oklahoma City | |
|---|---|---|
| Monthly PITI | $1,383 | $1,507 |
| Income needed | $59,270 | $64,603 |
Try Your Own Numbers
The calculator above is pre-filled with Tulsa’s averages. Adjust the values to match your situation, or try the Oklahoma City calculator for Oklahoma City-specific numbers.