The pros of moving to Oklahoma… a ridiculously low cost of living and no rush hour. USA Today ranked Oklahoma as the fourth most affordable state in the US to live. The average home price in Oklahoma is about $123,000.
Is Oklahoma expensive to live in?
Oklahoma has the third-lowest cost of living in the United States, behind only Kansas and Mississippi, according to MERIC’s 2021 Cost of Living Index for the third quarter of 2021.
Is it cheaper 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.
How much do you need to live comfortably in Oklahoma?
Typical Expenses
| 1 ADULT | 2 ADULTS (BOTH WORKING) | |
|---|---|---|
| 0 Children | 2 Children | |
| Medical | $2,513 | $8,479 |
| Housing | $8,354 | $10,868 |
| Transportation | $5,509 | $15,012 |
Is Oklahoma a cheap state to live in?
The fourth cheapest state to live in is Oklahoma. Not only is Oklahoma exceptionally affordable (i.e. super low home prices), but it’s also a great place to live. The state’s healthy economy, the abundance of job opportunities and friendly residents are more reasons to move to Oklahoma.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is Oklahoma safe to live?
Oklahoma’s crime rates remain above the national average this year. Among all 50 states, Oklahoma has the tenth-highest violent crime rate and the sixth-highest property crime rate.
What are the cons of living in Oklahoma?
Know that the state might not be for you. Some of the drawbacks include limited outdoor recreational opportunities, a lack of big city living, and high state and local taxes. Furthermore, if summer heat and spring tornados aren’t your things. Then you may want to think twice before moving to Oklahoma.
Why are houses so cheap in Oklahoma?
Matt Frankel, CFP and mortgage analyst for The Motley Fool, said the reason Oklahoma housing is cheap is due to a combination of factors, including a large amount of developable, flat land. “The real estate market is supply and demand, so that takes care of the supply.
What should I know before moving to Oklahoma?
Quick facts to know before moving to Oklahoma
- The cost of homes in Oklahoma are lower than the U.S. average.
- Costs of living in Oklahoma are lower than the national average.
- Commuting time in Oklahoma is shorter than the U.S. average.
- You’ll experience all four seasons in Oklahoma.
- Oklahoma averages 234 sunny days per year.
What is minimum wage in Oklahoma?
State Minimum Wage Rates 2022 vs. 2023
| State | 2022 Minimum Wage | 2023 Minimum Wage (eff. 1/1/23 except as noted) |
|---|---|---|
| Oklahoma | $7.25 | |
| Oregon | $13.50 | Annual increases begin 7/1/23 |
| Pennsylvania | $7.25 (Federal, no state minimum) | |
| Rhode Island | $12.25 | $13.00 |
What is a good hourly wage in Oklahoma?
$12.77 is the 25th percentile. Wages below this are outliers. $35.93 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Oklahoma.
| City | Midwest City |
|---|---|
| Annual Salary | $45,634 |
| Monthly Pay | $3,803 |
| Weekly Pay | $878 |
| Hourly Wage | $21.94 |
Is there state taxes in Oklahoma?
Oklahoma Tax Rates, Collections, and Burdens
Oklahoma has a 4.50 percent state sales tax rat, a max local sales tax rate of 7.00 percent, and an average combined state and local sales tax rate of 8.97 percent. Oklahoma’s tax system ranks 26th overall on our 2022 State Business Tax Climate Index.
Where can I live for $500 a month in USA?
Without further ado – and in no particular order – here’s what $500 per month can get you in ten affordable U.S. cities:
- Greenville, OH. Listing: Wayne Crossing.
- Wichita, KS. Listing: Eagle Creek.
- Lawton, OK. Listing: Sheridan Square Apartments.
- Amarillo, TX.
- Indianapolis, IN.
- Searcy, AR.
- Shreveport, LA.
- Jackson, MS.
Is Oklahoma a good state to move to?
Oklahoma ranks as United Van Lines’ ninth most popular destination for relocating. The Sooner State carries a variety of benefits, such as low cost of living and many friendly cities. If you are considering relocation this year, Oklahoma may be the best choice for you. America’s economy is still sluggish in places.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
Which state has the cheapest food?
The most notable exception is New Hampshire, which, despite being an East Coast state, actually has the lowest food costs in the nation.
What state is most expensive to live in?
Hawaii
Hawaii. Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average. Hawaii has the highest costs across all indexes, except healthcare.
Does it snow in Oklahoma?
Interestingly, the driest part of the state is also the snowiest. The Oklahoma Panhandle, especially the western Panhandle is the snowiest location in Oklahoma with an average of 20-30 inches of snow per year. Oklahoma City averages about 6-8 inches of snow each year.
What is safest US state?
New Jersey
Safest states, ranked
| Violent crimes score | Total score | |
|---|---|---|
| 1. New Jersey | 15.1 | 71.6 |
| 2. New Hampshire | 16.3 | 68.0 |
| 3. Rhode Island | 14.2 | 66.3 |
| 4. Maine | 17.3 | 66.0 |