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Oklahoma Department of Commerce

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Oklahoma’s cost of living leads the pack

Oklahoma is a great place to live. And the state’s low cost of living means you can have it all. The US Department of Commerce puts Oklahoma as one of the states with the highest percentage earnings growth since the Great Recession. The state was ranked No. 3 for the lowest cost of living in the US by CNBC, and No. 4 for the best of quality of life by Business Facilities Ranking Report. With one of the nation’s most competitive business climates, it’s no wonder why so many choose to call Oklahoma home.

According to the Oklahoma Department of Commerce, if a New York resident making $200,000 a year moved to Oklahoma with the same salary, the move would add up to an extra $54,600 in savings. Lower cost of living and a higher quality of life leads to happier employees who will be more productive in the workplace.

The median sales price of a home in Oklahoma is $137,000, which is among the lowest in the US. Basic utility costs also add up to a lower cost of living. Oklahoma City’s utility costs are 20 percent lower than Dallas. Gasoline costs 7 percent less than the national average and rent is about 25 percent cheaper than the national average.

All these numbers add up to more savings and a better quality of life.

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