If you’re looking to get the most bang for your buck, Oklahoma City offers an ideal combination of high incomes along with an affordable cost of living. But it’s not just about the numbers – OKC has everything from great schools to trendy restaurants. So even if you take finances out of the equation, you can bet this prairie city is a place you’ll love to live.
If you’re looking to crunch the numbers, there’s plenty of data to help you out. US News & World Report ranked Oklahoma as the fourth most affordable state in the US to live. And if you dig a little deeper, you’ll see why. According to CNBC, the average annual income in OKC is over $72,000 while the annual cost of necessities is about $19,000, leaving over $50,000 available for investing, travel, and fun.
The average Oklahoma City homeowner pays just 16% of their income in housing costs, one of the lowest percentages in the nation. Home prices are exceptionally affordable in OKC and fortunately; secondary home costs in the area are also reasonable.
A recent roundup by Angie’s List puts monthly maintenance costs (e.g. landscaping) for a home in Oklahoma City at about $25/month. Compared to $42/month in Los Angeles, that can be a significant savings. And when you factor in property taxes, it’s not even close. The average is just over $100/month for a home in OKC compared to $643/month in the Northern New Jersey suburbs. Just think about what you can do with an extra $3,000+ a year!
When you look beyond housing costs, Oklahoma also brings in significant savings. Groceries often make up a huge part of a person’s budget, so you’ll want to pay attention to the average cost of your shopping cart. On average, Oklahomans spend between $2,400-2,800 annually on food. Compared to the $4,000+/year that New Englanders, Hawaiians, and Alaskans spend, that’s a big difference.
Convinced that living in OKC is good for your budget? Great. Now it’s time for the fun part – all the reasons why you’ll want to live there!
6 Reasons Why Quality of Life is Tops in OKC
From abundant job opportunities to a vibrant arts and entertainment scene, Oklahoma City is one of the country’s most up and coming metro areas. Here are six reasons why it should be on your list.
If you choose the OKC area, you can live in the suburb of Edmond (with its top rated schools) and be downtown in 20 minutes. If you choose to live in the city center, you can enjoy walkability to restaurants, schools, and more.
There are a variety of reasons why moving to Oklahoma City is an excellent choice. From lower cost of living to its multitude of job opportunities, high quality school districts, and fun activities, the area has plenty to offer for anyone looking for an ideal place to live. And if you’re considering a move to the area, talk to one of our community managers and let us help you find a home that suits your needs.