Tags: Retirement | retirement | Oklahoma | affordable places

Most Affordable Places for Retirees in Oklahoma

By    |   Wednesday, 10 Jun 2015 12:50 AM

Overall, retirement in Oklahoma is a more affordable option than retirement in many other states. The state's cost of living is below the national average, with most cities and towns in the Sooner State also costing less than other locales. Just how far you can stretch your income depends on where you live in the state. Housing costs, sales tax, and general living expenses vary by city, so which one you choose will have a significant impact on your finances. If you're spending your retirement in Oklahoma, consider one of these affordable options.

Free Retirement Calculator: When Can You Retire? —
Click Here to Find Out

  1. Norman - Norman is a college town that has been a top choice on multiple "where to live" and "where to retire" lists, in part because of its affordable lifestyle. According to PayScale, the overall cost of living in Norman is 16 percent lower than the national average. Housing and transportation cost 12 percent less than in other cities, while utilities cost 14 percent less, health care costs 8 percent less, and housing costs a whopping 31 percent less. The magazine Where to Retire named the city as one of the eight best places in the nation to retire, citing a combination of factors that included cost of living, tax rates, and housing prices.
  2. Oklahoma City - If you're looking for big city living on a small budget, consider Oklahoma's capitol city, which offers both urban and suburban living, in addition to a more cosmopolitan lifestyle than you'd expect. In 2014, Kiplinger named Oklahoma City one of the most affordable big cities in the United States. According to PayScale, the overall cost of living is 10 percent less than the national average. Housing costs 17 percent less, groceries cost 8 percent less, utilities cost 7 percent less, transportation costs 6 percent less, and health care costs 3 percent less.
  3. How Soon Can You Retire? Free Test Shows You When — Click Here

  4. Del City - Real estate blog Movoto named Del City one of the best places to live in Oklahoma, citing it as one of the most affordable cities on the list. According to Sperling's Best Places, Del City's overall cost of living is 21 percent below the national average. The cost of housing is an impressive 53 percent less than the national average while other costs were slightly lower. Transportation costs 2 percent less, health care costs 4 percent less, groceries cost slightly more than 8 percent less, and utilities cost 11 percent less.
An Extremely Simple Way to Determine If You're Ready to Retire — Find Out Now

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
FastFeatures
Overall, retirement in Oklahoma is a more affordable option than retirement in many other states. The state's cost of living is below the national average, with most cities and towns in the Sooner State also costing less than other locales.
retirement, Oklahoma, affordable places
437
2015-50-10
Wednesday, 10 Jun 2015 12:50 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved