Oklahoma City & Edmond Oklahoma - each has a low cost of living
Cost of Living 2006 - 7.7% below the national average
According to the American Chamber of Commerce Researchers Association (ACCRA), Oklahoma City remains one of the most affordable major metropolitan areas in which to live. The cost of living index measures the differences in costs of 57 consumer goods and services, excluding taxes, across 300 other cities nationwide.
For the fourth quarter of 2006, the composite index for the Oklahoma City Metro Statistical Area was 92.3 or 7.7 percent below the National Average of 100.Low housing costs are the principal reason Oklahoma City's cost of living remains relatively low.
With a housing index value of 84.5, Oklahoma City's housing market is 15.5 percent below the national average.
According to the American Chambers of Commerce Research Association (ACCRA) Cost of Living Index, a composite index based on cost of groceries, housing, utilities, transportation, health care, goods and services, the cost of living is low in Edmond.1st Quarter 2007 ACCRA Cost of Living Index - Oklahoma City
- U.S. average: 100
- Oklahoma City, OK: 92.1
- grocery - 88.2
- housing - 82.5
- utilities - 94.9
- transportation - 98.1
- health care - 98.8
- miscellaneous - 97.9
Sources: Edmond Chamber of Commerce, Edmond Economic Development Authority
