Just about everything you need or want is less expensive here from gasoline to housing. Without exception people who are transferred here from other parts of the country are always pleasantly surprised at how far their dollar goes in Oklahoma. The USA Today article measured the State in several categories. The categories and comments on housing expenses are excepted from the USA Today article and included below. A score of 100 would indicate the national average in that category.
Cost of Living Index: 90.4
Grocery Index: 92.4
Housing Index: 79.8
Transportation Index: 93.5
Utilities Index: 92.2
Health Index: 96.5
In the Sooner state, you can rent a home for the median price of $950. Although rent is a bit higher, median home values seem much more affordable, with values of just under $109,000 and list prices of around $145,000 to $150,000. Property taxes are also on the lower end, with a median rate of 0.74%.
Notice the lowest score is in housing. Go anywhere else with $130,000.00 (except for maybe Detroit) and see what type of house it will buy you. Here, that’s the starting price for a brand new home! And you can buy a well kept older home for just over $100,000.00. And don’t forget the low cost to borrow money. Today at 4.5% it will cost you roughly $5.10 for every thousand dollars borrowed. That’s $510.00 a month in principal and interest on a $100,000 loan. I know people who pay more than that a month for their car.
Oklahoma is a great place to live and raise a family. And Tulsa is the best city in the State! If you’re planning a move, whether you’re coming from somewhere else or you’re already here, please give me a call at 918-809-5199. I will be happy to help you find a great value in Oklahoma Real Estate.