Oklahoma City, Oklahoma
- The top employer in Oklahoma City is the State of Oklahoma government, which employs a large number of people in various departments and agencies.
- The second largest employer in Oklahoma City is the University of Oklahoma Health Sciences Center, which is a major research and educational institution in the area.
- The third largest employer in Oklahoma City is the Integris Health system, which is a major healthcare provider in the city.
- The fourth largest employer in Oklahoma City is the Tinker Air Force Base, which is a major military installation in the area.
- The fifth largest employer in Oklahoma City is the Chesapeake Energy Corporation, which is an energy company with a major office in the city.
The presence of these large employers in Oklahoma City can make it a good place to invest in real estate for several reasons. First, the healthcare, military, and energy industries are stable and likely to remain so in the future, providing a stable economic foundation for the city. Additionally, the presence of a major research university and government agencies can attract a highly educated workforce to the area, which can drive demand for housing. Overall, the strong economy and diverse range of industries in Oklahoma City can make it a good location for real estate investment.
According to data from the Council for Community and Economic Research (C2ER), the cost of living in Oklahoma City, Oklahoma is lower than the national average. Specifically, the cost of living index for Oklahoma City is 89.3, which is lower than the national average of 100. This means that, on average, the prices of goods and services in Oklahoma City are relatively lower compared to the national average.
- Lower housing costs: According to data from Zillow, the median home value in Oklahoma City is $198,858, which is lower than the national median home value of $398,500. This means that, on average, housing costs in Oklahoma City are relatively lower compared to the national average. https://www.zillow.com/home-values/33225/oklahoma-city-ok/
- Lower transportation costs: According to data from Numbeo, the cost of a monthly public transportation pass in Oklahoma City is $40, which is lower than the national average of $70. Additionally, the cost of gasoline in Oklahoma City is lower than the national average, with a gallon of regular unleaded gasoline costing an average of $2.78 in Oklahoma City compared to $3.16 nationally. https://gasprices.aaa.com/
- Lower food costs: According to data from Numbeo, the cost of groceries in Oklahoma City is 16% lower than the national average.
- Lower healthcare costs: According to data from the Kaiser Family Foundation, the average annual premium for employer-sponsored health insurance in Oklahoma City is $6,306, which is lower than the national average of $7,188.
Oklahoma Properties
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