OKC VeloCity | Blog
Economy

OKC's housing market booms, ranks 10th fastest growing in U.S.

According to the latest data, Oklahoma City is now the 20th largest city in the nation, with 702,767 residents as of July 1, 2023. The city's strong job market and lower cost of living compared to other urban centers are major draws for new residents. However, this popularity has led to a significant rise in home prices, with median home values soaring by 48% over the same period. Median incomes have increased by 40%, further highlighting the city's economic vitality.

By Selena Romero
Economy / July 31, 2024

Energy FC’s expanded ownership and MAPS 4 stadium set to boost OKC’s community and economic growth

OKC Energy FC is set for an exciting new chapter with an expanded ownership group, now led by Echo holding the majority stake. This significant development aligns with plans for a new stadium, a key project under the MAPS 4 initiative. Energy FC has always prioritized community impact, and the multipurpose outdoor stadium is expected to have a transformative effect on Oklahoma City, providing a versatile venue for events such as festivals, concerts, and, of course, soccer. This contributes to positioning Oklahoma City as a significant destination.

By Selena Romero
OU Health Banner Ad July 2026
Economy / June 10, 2024

Oklahoma City Breaks into Top 10 Least Expensive Cities Nationwide in 2024

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.

By Selena Romero
Economy / April 30, 2024

Forbes ranks Oklahoma City among nation's least risky cities for small business growth

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.

By Selena Romero
Economy / April 15, 2024

Wall Street Journal ranks Oklahoma City in top 10 hottest job markets

Oklahoma City ranks among the top 10 affordable cities serving as tech and finance outposts in the latest annual rankings from The Wall Street Journal. In 2023, Salt Lake City emerged as the country’s hottest job market, with three Florida cities—Jacksonville, Orlando, and Tampa—following suit. Notably, Oklahoma City secured the fifth spot in the rankings. These rankings were derived from a comprehensive analysis considering five key metrics: unemployment rate, labor-force participation rate, changes in employment levels, labor force size and wages.

By Selena Romero
Economy / February 22, 2024

Business Improvement Districts can help local areas revitalize

A lot has been written about Oklahoma City’s modern-day renaissance. How the citizens of Oklahoma City invested in themselves through MAPS and built a community that is attracting new residents from all over the country in record numbers. The rise of local districts in Oklahoma City played a big role in that renaissance.

By Marcus Elwell
VeloCity profile / August 28, 2020
Alex Pezold
Co-founder & CEO,
TokenEx
You can't find anything better than Oklahoma City, as far as the people, location and office space, as well as the commitment back to technology in the area.
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