ECONOMIC INDICATORS
OKC HAS THE LOWEST COST OF LIVING AMONG LARGE CITIES Where You Live Matters! C2ER 2023 Annual Average Price Report
COMPOSITE INDEX
APARTMENT RENT
DOCTOR VISIT
MEN'S HAIRCUT
MOVIE TICKET
CITY
COFFEE
GASOLINE
OKLAHOMA CITY OK
85.1
$5.64
$857
$3.25
$137.83
$17.33
$9.39
$11 .85
EL PASO TX
87.9
$5.86
$1 ,235
$3.47
$131.00 $23.57
MEMPHIS TN
89.8
$5.70
$1 ,400
$3.08
$108.51
$23.91
$14.09
SAN ANTONIO TX
$3.06 $146.52 $27.73
$11 .70
91 .2
$5.34
$1 ,462
$12.00
COLUMBUS OH 91.8
$6.02
$1 ,497
$3.42
$117.73
$21 .46
INDIANAPOLIS IN ALBUQUERQUE NM NATIONAL AV- ERAGE
$99.19 $19.53
$10.91
92.1
$5.77
$1 ,336
$3.39
$134.17
$31.90 $12.54
93.8
$5.91
$1 ,383
$3.50
$136.28 $24.34
$12.17
100.0
$5.87
$1 ,512
$3.46
Oklahoma City ranks No. 1 for the lowest cost of living among all reporting large cities with a population over 500,000. The C2ER Annual Cost of Living Index for Oklahoma City in 2023 was 85.1—or 15% below the national average. Example: If you are earning $70,000 after taxes in San Francisco, the comparable income to achieve the same standard of living in Oklahoma City is $34,938. If you moved from San Francisco to Oklahoma City: • Transportation will cost 25% less • Healthcare will cost 16% less • Groceries will cost 24% less • Housing will cost 77% less • Utilities will cost 29% less Check out the Cost of Living Calculator at www.abetterlifeokc.com
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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