- 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.
Moreover, 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 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.
Likewise, 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.
Is OKC a good place to live? Oklahoma City residents make a nice living, and, when that’s coupled with an affordable cost of living, that can make it an ideal place to live. The study, reported by CNBC, factored in average annual income in each area, as well as average monthly living expenses, median rent prices, groceries and utility bills.
What is the minimum wage in Oklahoma?
Oklahoma adheres to the federal minimum wage, which Congress set at $7.25 per hour back in 2009 and has not altered since then. This year will mark 12 years since the last increase in the federal minimum wage – the longest period without an increase since the federal minimum was enacted in 1938.
Is 50k a good salary in Oklahoma?
A good salary in Oklahoma City, OK is anything over $39,000. That’s because the median income in Oklahoma City is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Oklahoma City. The average salary in Oklahoma City is $47,268.
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 |
What is a comfortable salary in Oklahoma?
Comfortable Salary in Oklahoma City, OK
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $58,480 | $28 |
| 75th Percentile | $40,936 | $20 |
| Average | $34,674 | $17 |
| 25th Percentile | $26,091 | $13 |
What is Oklahoma’s minimum wage?
Oklahoma adheres to the federal minimum wage, which Congress set at $7.25 per hour back in 2009 and has not altered since then. This year will mark 12 years since the last increase in the federal minimum wage – the longest period without an increase since the federal minimum was enacted in 1938.
What house can I afford on 50k a year?
As a rule of thumb, a person who makes $50,000 a year might be able to afford a house worth anywhere from $180,000 to nearly $300,000. That’s because annual salary isn’t the only variable that determines your home buying budget.
What is the best area to live in Oklahoma?
Best Cities to Live in Oklahoma
| Rank | City |
|---|---|
| 1 | Enid |
| 2 | Broken Arrow |
| 3 | Bixby |
| 4 | Ponca City |
How much is a comfortable salary in Oklahoma?
$7,504 is the 90th percentile. Salaries above this are outliers. $857 is the 25th percentile. Wages below this are outliers.
…
What are Top 10 Highest Paying Cities for Average Jobs in Oklahoma.
| City | Midwest City |
|---|---|
| Annual Salary | $59,999 |
| Monthly Pay | $5,000 |
| Weekly Pay | $1,154 |
| Hourly Wage | $28.85 |
What does Walmart pay in Oklahoma?
How much does Walmart in Oklahoma pay? Average Walmart hourly pay ranges from approximately $9.50 per hour for Fabricator to $29.93 per hour for Packer. The average Walmart salary ranges from approximately $18,000 per year for Accountant to $85,000 per year for Senior Manager.
What does mcdonalds pay in Oklahoma?
How much does McDonald’s in Oklahoma pay? Average McDonald’s hourly pay ranges from approximately $7.75 per hour for Front End Associate to $15.73 per hour for Delivery Driver. The average McDonald’s salary ranges from approximately $15,000 per year for Cook to $89,450 per year for Area Supervisor.
What does Amazon pay in Oklahoma?
Amazon Fulfillment Center Salary in Oklahoma
| Annual Salary | Hourly Wage | |
|---|---|---|
| Top Earners | $60,786 | $29 |
| 75th Percentile | $37,822 | $18 |
| Average | $32,116 | $15 |
| 25th Percentile | $23,413 | $11 |
Why are homes 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.
