The Council for Community and Economic Research (C2ER) has released its Quarter 1 2025 Cost of Living Index. Among the 251 urban areas surveyed, the after-tax cost for a professional or managerial lifestyle ranged from more than twice the national average in New York (Manhattan) to more than 20% below the national average in Harlingen, Texas.
Oklahoma is attracting thousands of new residents each year, drawn by its affordable housing, job opportunities, and quality of life. In 2023 alone, more than 25,000 people moved to the state, according to a recent migration study by StorageCafe using the latest U.S. Census data. This steady influx placed Oklahoma among the top 10 states for net migration.
Oklahoma City is holding steady as the most affordable large city in the U.S., according to the 2024 annual Cost of Living Index (COLI) from the Council for Community and Economic Research (C2ER). Among cities with populations over 500,000, Oklahoma City ranks #1 for the lowest cost of living.
Oklahoma City’s Western heritage remains a strong influence, with cowboy culture visible in events, museums, and the Stockyards City district. While staying true to its roots, the city is becoming more cosmopolitan, thanks to a growing dining and entertainment scene.
Oklahoma City has earned a spot on Fortune's list of the 50 best places for families to live in the U.S., celebrated for its affordability, family-friendly environment, and diverse recreational opportunities. From its thriving economy to its rich Western heritage and ongoing infrastructure improvements, Oklahoma City has become an attractive destination for those looking to start a career, raise a family, or simply enjoy a high quality of life.
Oklahoma City is not just a capital city but a thriving hub of opportunity and quality living. In recent years, our vibrant metropolis has garnered attention for its robust job market, affordable living costs, promising real estate opportunities and rich cultural offerings. As we reflect on the achievements just of this past year, Oklahoma City showcases its dynamic growth and potential.
Oklahoma City impressively climbed into the top 10 least expensive urban areas nationwide, according to the Q1 2024 Cost of Living Index (COLI) released by the Council for Community and Economic Research (C2ER). With a current cost-of-living index of 83.6, Oklahoma City continues to demonstrate its appeal as an affordable urban center.
Small businesses are the lifeblood of our economy, driving innovation, job creation and economic growth. In 2023, a groundbreaking 5.5 million small business applications were filed, with nearly 1.8 million poised to expand their teams. Oklahoma City reflects the resilience and dynamism of the U.S. entrepreneurial landscape. According to Forbes Advisor's latest analysis, Oklahoma City secures the second least risky spot among the nation's metropolitan areas for small businesses, with a commendable score of 2.51 out of 100.
