Oklahoma City’s resilient economy and affordability continues to attract the national spotlight as today Forbes ranked Oklahoma City as the nation’s No. 1 Most Affordable City.
To compile their list, Forbes searched for cities that balanced affordable living with economic prosperity and solid job markets. Factors like unemployment rate, housing costs and costs of goods and services were studied.
“It's got good schools and universities, friendly residents and an unemployment rate well below the national average--6.3% compared with the nationwide 9.5%,” the article stated. “Thanks to good jobs and low cost of living, the Oklahoma City metro area ranks as America's Most Affordable City.”
“In times like these, value is key to everything we do as a chamber,” President and CEO of the Greater Oklahoma City Chamber Roy Williams said. “From attracting new business, retaining and fostering growth with our current companies to attracting conventions and visitors, the number one factor on everyone’s mind is value. Affordability isn’t always about being the cheapest, it is also about the quality you get for your dollar.”
Oklahoma City’s low unemployment rate, housing costs and overall cost of living gained the metro area the top designation. Pittsburgh, Buffalo, Rochester and Nashville rounded out the top 5, respectively.
This continues a strong stretch of praise for Oklahoma City in the national press. In October alone, Oklahoma City was named a Top 25 Performing City (Milken), No. 7 best City for Income Growth (Portfolio.com), Top 5 Fastest Growing City (Forbes) and a Top 10 State for Doing Business (Area Development Magazine).
Follow the link for the full story. Also visit the Greater Oklahoma City Chamber’s website for a full list of Oklahoma City accolades.
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