OKLAHOMA CITY (KOKH)–According to a study conducted by WalletHub, Oklahoma City is the 63rd best city to retire in America. The study also listed Tulsa as the 132nd best city to retire in. In order to determine the best and worst cities to retire, WalletHub looked at over 180 cities across 46 different metrics.
Is OKC a good place to retire?
Oklahoma has one of the lowest costs of living in the entire country, making it a great place to live for retirees on a fixed income.
How does Oklahoma rank for retirement?
Best States to Retire
| State | Overall rank | Wellness rank (20%) |
|---|---|---|
| Oklahoma | 18 | 45 |
| Massachusetts | 19 | 1 |
| New Mexico | 19 | 48 |
| New York | 19 | 5 |
What are the benefits of retiring in Oklahoma?
Oklahoma is tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 5.90%.
What are the pros and cons of living in Oklahoma City?
Pros And Cons Of Living In Oklahoma
- Low cost of housing.
- Moderate living expenses.
- Attractive mid-sized cities.
- Productive economy.
- Enjoyable 4 season living.
- Chances for extreme weather.
- Dull landscape.
- No access to major metropolitan areas.
What should I know before moving to Oklahoma City?
Moving/Relocating To Oklahoma: 8 Things To Know + FAQs
- A Very Low Cost Of Living In Oklahoma.
- Oklahoma Holds A Lot Of Opportunities For Budding Entrepreneurs.
- The Ease Of Getting Around In Oklahoma City.
- There is Huge Job Stability In Oklahoma.
- You Don’t Have To Rush Or Wait In Crowds.
Why is Oklahoma City so cheap?
What makes Oklahoma City so affordable? The short answer is housing. According to 2018 data from Kiplinger, Oklahoma City has one of the most affordable median home prices compared to other U.S. cities. Oklahoma City’s median house price was $148,000 in 2018, compared to the national median of $240,000.
What is the number one state to retire in?
The 5 Best and Worst States for Quality of Medicare
| Best States | Rank | Rank |
|---|---|---|
| Alaska | 1 | 46 |
| California | 2 | 47 |
| Maine | 3 | 48 |
| Massachusetts | 4 | 49 |
How much do you need to retire comfortably in Oklahoma?
With a cost of living nearly 13% below the national average, Oklahoma is one of the least expensive states to retire in. For the average 65 year old in the state, a comfortable retirement is projected to cost an estimated $901,455, about $219,000 less than it would cost the typical 65 year old American.
What is the most tax friendly state to retire in?
Delaware
1. Delaware. Congratulations, Delaware – you’re the most tax-friendly state for retirees! With no sales tax, low property taxes, and no death taxes, it’s easy to see why Delaware is a tax haven for retirees.
At what age do you stop paying property taxes in Oklahoma?
65
Property owners just have to know that after they turn 65, the taxable values of their homes can be locked in, if their annual gross household incomes are under certain amounts. Eligible seniors must file a one-time application with their respective county assessor offices between Jan.
Is it better to live in Texas or Oklahoma?
For cost of living, Oklahoma rated best in the nation, according to the CNBC rankings. Texas was not far behind, in ninth place. It would appear that, when both income taxes and property taxes are considered, the average Texan still comes out ahead, compared to their cousins in Oklahoma.
Do seniors get a property tax break in Oklahoma?
If you receive are 65 years of age or oder, or are totally disabled and a head of household AND are a resident of Oklahoma all year, you may be eligible to receive a Property Tax Credit for Oklahoma. You must also not have gross income of more than $12,000. You must file a form 538-H with the Tax Commission.
What is life like in Oklahoma City?
The summers are warm but not overbearing, so you can enjoy the many parks, festivals, and outdoor activities the city offers. The winters are milder than you’ll find in most of the Midwest, as temperatures typically hover around 40 degrees and usually only 6-8 inches of snow accumulate each year.
Is Oklahoma City Safe?
OVERALL RISK : MEDIUM
Oklahoma City is as dangerous as any other city in the world when criminal acts are in question. Travelers just need to act as they would do wherever they go and take precautionary measures.
Is Oklahoma worth moving to?
Oklahoma is one of the most coveted destinations for relocating families. The Sooner state’s low crime rates, affordable homes, and top-quality schools make it a top destination for many families in America.
Why are people moving to OKC?
A diverse job market and low unemployment rates
In addition to the living options, low cost of living and friendly population, Oklahoma is a mecca for working professionals.
Why should I move to Oklahoma City?
If you’re considering a move to Oklahoma City, it can be a great place to live, work and play for many reasons. It’s surrounded by beauty, is affordable, is a safe community, and is easy to navigate whether you’re working, shopping, or dining.
Is Oklahoma a friendly state?
According to a study done by Travel+Leisure, OKC ranked No. 5 on its “America’s Friendliest Cities” list. According to a survey, OKC ranked as the least rude and snobby city in the U.S. 4.
What are winters like in Oklahoma City?
The cold season lasts for 3.0 months, from November 25 to February 23, with an average daily high temperature below 58°F. The coldest month of the year in Oklahoma City is January, with an average low of 31°F and high of 50°F.
Is it a good investment to buy a house in Oklahoma?
Oklahoma has an extremely low cost of living and no rush hour. This state has been ranked as the fourth most affordable state to live in the USA. Investing in real estate in Oklahoma has expected cash flows and profit opportunities.