2021 May POINT!

GRAND OPENINGS

ECONOMIC INDICATORS

Congratulations to Chamber members on their recent Grand Openings! To see the schedule of upcoming Grand Openings or subscribe to the Grand Openings calendar, visit okcchamber.com/grandopenings.

Oklahoma City Ranks #3 Overall Housing Affordability Overall Housing Affordability - Metros Over 1 Million Population

Metro

Overall Housing Affordability

% of Severely Cost-Burdened Households, $35,000-$75,000/year

Green Springs Dispensary 2407 N. Council Road Oklahoma City, OK 73008 Scooter’s Coffee 7040 NW 122nd St. Oklahoma City, OK 73142

School of Rock 7200 N. May Ave., Suite D Oklahoma City, OK 73116 The Brooks Clinic 6401 N.W. Expressway Oklahoma City, OK 73132

Louisville

1

2.16%

Indianapolis

2

2.28%

Oklahoma City 3

2.39%

Cleveland

4

2.55%

Buffalo

5

2.59%

Source: Urban Land Institute 2021 Home Attainability Index. A rank of 1 is most favorable.

Win prizes for telling Oklahoma City’s story!

•Among U.S. metros with over 1 million population, Oklahoma City ranked 3rd for the lowest percentage of severely cost burdened middle-income households. •Urban Land Institute determined overall housing affordability by examining the extent to which middle-income households face substantial housing challenges.

•Middle-income households who earned $35,000 to $75,000 and spent more than 50 percent of income on housing were considered “severely cost burdened.”

For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at greateroklahomacity.com or contact Eric Long, Research Economist – 405-297-8976; elong@okcchamber.com

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THE POINT - MAY 2021 24

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