Quality of Life in Oklahoma City, OK

Overview of Income

• Annual Income: $178,875
• Median Household Income (Oklahoma City): Approximately $56,000 (as of recent data)
• Income Comparison: Significantly above the city’s median, providing a comfortable financial cushion.

Cost of Living

• Oklahoma City’s cost of living is generally lower than the national average.
• Key Factors:
  • Housing: 20-25% lower than the national average.
  • Utilities, groceries, and transportation costs are similarly below the national mean.
  • Lower state income tax compared to many other states.

Housing Market

• Median Home Price: Approximately $200,000 to $250,000 (variable by neighborhood).
• With an annual income of $178,875, purchasing a home in any desirable neighborhood is highly feasible.
• Real estate appreciation rate steady, though not as rapid as major coastal cities, offering stable investment opportunity.

Quality of Life

• Entertainment and Leisure: Plentiful parks, cultural events, sports, and dining options.
• Community Feel: Strong sense of community with friendly neighborhoods.
• Traffic: Less congestion compared to larger metropolitan areas, improving daily commutes.

Access to Healthcare

• Quality healthcare facilities with several hospitals, clinics, and specialized medical services.
• Healthcare costs are moderately priced relative to other areas.
• Health insurance coverage options are varied and affordable for high-income individuals.

Quality of K-12 Schools

• Wide range of public and private school options.
• Public Schools: Mixed ratings, with some schools performing highly.
• Private Schools: Numerous choices providing higher-rated educational outcomes.
• Potential for investing in private education within budget due to high income.

Assessment

Living in Oklahoma City with an income of $178,875 allows for an exceptionally comfortable lifestyle. The lower cost of living enhances purchasing power substantially more than in higher-cost cities, particularly in housing. Access to quality healthcare and educational institutions is robust, making it an attractive location for families or individuals seeking a balance between cost and quality of life.