ECONOMIC INDICATORS
OKC RANKS NO. 2 FOR BEST METRO FOR YOUNG PROFESSIONALS TO LIVE Top Ten Metros for Young Professionals to Live (2023)
ESTIMATED MONTHLY MORT- GAGE PAYMENT
MEDIAN HOME PRICE
UNEMPLOYMENT RATE
METRO
RANK
MEDIAN INCOME
DES MOINES-WEST DES MOINES, IA OKLAHOMA CITY, OK
1
$265,300
$1 ,509
2.4%
$47,097
2
$227,300
$1 ,293
2.7%
$39,383
OMAHA-COUNCIL BLUFFS, IA COLUMBUS, OH
3
$274,100
$1 ,559
2.2%
$42,448
4 5
$284,700 $252,200
$1 ,619 $1 ,434
3.0% 3.1%
$45,023 $40,379
CINCINNATI, OH-KY-IN MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI KANSAS CITY, KS-MO BALTIMORE-COLUM- BIA-TOWSON, MD NASHVILLE-DAVID- SON-MURFREES- BORO-FRANKLIN, TN LITTLE ROCK-NORTH LIT- TLE ROCK-CONWAY, AR
6
$361 ,500
$2,056
2.9%
$52,273
7
$291 ,000
$1 ,655
2.8%
$43,368
8
$357,800
$2,035
2.2%
$52,680
9
$385,800
$2,194
2.7%
$46,421
10
$203,000
$1 ,154
2.3%
$34,785
SOURCE: FORBES ADVISOR, U.S. CENSUS BUREAU, BUREAU OF LABOR STATISTICS, ZILLOW, NATIONAL ASSOCIATION FOR REALTORS, C2ER
• Forbes Advisor compared the 100 largest metro areas across 10 metrics spanning four key categories: employment and pay, housing affordability, lifestyle and cost of living. • OKC is in the top 5 metros ranking favorable for its low median home price and low cost of living. • The median home price in OKC is $227,300, which is well below the national median price ($416,300). • A 10% down payment requires homeowners to save about 58% of the OKC area median individual income, the 14th-lowest figure in the study.
For comprehensive Economic Indicator and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist, at 405-297-8976; elong@okcchamber.com DID YOU KNOW? Get regional demographic data, consumer expenditure information, labor force data for the Greater Oklahoma City Region and more at greateroklahomacity.com.
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