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Though the pulse oximeter actually measures the saturation of oxygen in your blood, the results are often used as an estimate of blood oxygen levels. Normal pulse oximeter readings range from 95 to 100 percent, under most circumstances. Values under 90 percent are considered low. 1  Causes.
Levels of blood oxygen are measured using an oximeter, which is attached to your finger, or through a blood test using one of the arteries. According to the Mayo Clinic, the blood oxygen level test should show at least a 95 percent level. Levels between 80 percent and 94 percent are considered low but anything lower is a sign of hypoxemia.