Quality of Life in Oklahoma City, OK for an Annual Income of $112,350

Overview of Cost of Living

• Cost of Living Index: Oklahoma City has a cost of living index that is lower than the national average.
  • Lower costs in groceries, utilities, and transportation.
  • Healthcare and miscellaneous expenses are also more affordable.

Housing Market

• Median Home Prices: As of the latest data, the median home price in Oklahoma City is significantly lower than the national median.

  • Easier affordability for homebuyers compared to other major U.S. cities.
  • A diverse range of housing options from urban apartments to spacious suburban homes.

• Real Estate Market Trends:

  • Offers a buyer-friendly market with gradual price increases.
  • Low property taxes compared to national averages bolster housing affordability.

Quality of Life

• Income Impact: A salary of $112,350 allows for a comfortable lifestyle due to the relatively low cost of living.

  • Discretionary income available for leisure, investment, and savings.
  • Potential for higher spending power and savings compared to higher-cost cities.

• Cultural and Recreational Activities:

  • Access to vibrant local arts, concerts, and festivals.
  • Abundant parks and recreational spaces for outdoor activities.

Access to Healthcare

• Healthcare Facilities: Oklahoma City offers a range of healthcare facilities and services.

  • Lower healthcare costs relative to national averages.
  • Presence of several well-regarded hospitals and medical centers.

• Insurance and Affordability:

  • Competitive insurance rates and lower medical service costs.
  • Comprehensive healthcare access which supports a high quality of life.

Quality of K-12 Schools

• Public School System:

  • Varied school ratings, with some districts offering higher performance levels.
  • Opportunities for involvement in specialized and advanced placement programs.

• Private and Charter Schools:

  • Presence of several reputable private and charter schools offering varied curricula.
  • Options for specialized education tailored to family preferences.

Summary

Living in Oklahoma City with an income of $112,350 presents a favorable quality of life, with a lower cost of living allowing for significant discretionary spending and savings. The housing market provides affordable options, healthcare services are accessible and affordable, and educational opportunities are diverse. This combination makes Oklahoma City an appealing place to live relative to many larger, more expensive U.S. cities.