OKLAHOMA CITY ( KFOR ) – First reported by Velocity OKC , Oklahoma City has taken the top spot for the lowest cost of living in the country among cities with a population over 500,000. This is from a recent report by the council for community and economic research.
“I can’t promise that it’ll last forever, but I do think it will last for a few more years and we should enjoy it while we have it,” Oklahoma City mayor David Holt said.
It’s exciting news for Oklahoma City residents and for the big league city as a whole. However, it still comes as a surprise to some.
“We’ve seen rents going up dramatically over the last couple of years,” said Executive Director for the Oklahoma City Housing Authority Mark Gillett.
Velocity OKC uses a comparison to Seattle. They have about 46,000 more people than Oklahoma City. If you earn $44,000 after taxes there, your comparable income to OKC for the same standard of living would be just below $26,000.