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Benefits of Retiring in Oklahoma

By    |   Tuesday, 09 Jun 2015 07:13 PM

Retirement in Oklahoma offers a low-cost lifestyle and abundant opportunities for travel, recreation, and entertainment. Plus, the state's easygoing and friendly vibe is a welcome break after years in the rat race that is the workforce. If you're weighing the pros and cons of spending your retirement in Oklahoma, take a look at the following benefits of life in the Sooner State.

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  1. Low Cost of Living - Forbes named Oklahoma City one of the best places in the nation to retire in 2014, in part because the cost of living is below the national average. Cities and towns throughout Oklahoma also have a relatively low cost of living, including the college town of Norman, with an overall cost of living 16 percent lower than average, according to PayScale. In the state's two major cities, Oklahoma City and Tulsa, the overall cost of living is 10 percent and 11 percent lower than average, respectively.
  2. Low Tax Rate - What some states offer in low-cost living, they make up for with higher taxes. Not so in Oklahoma, which has state and local taxes 1 percent lower than the national average, according to WalletHub. MarketWatch named Oklahoma one of the best places in the nation to retire, in part because Social Security isn't taxed. In addition, the state doesn't have an estate or inheritance tax.
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  4. Access to Low-Cost Health Care - Retirees not only have to worry about basic medical needs, they might also need to prepare for serious health issues or for round-the-clock care. According to MarketWatch, nursing homes and assisted living tend to cost less in Oklahoma than in other states. Oklahomans spend less on health care than residents in many other states, ranking 37th in the nation according to the Kaiser Family Foundation.
  5. You Won't Get Bored - For years, Oklahoma's image was that of a state where the people were friendly but there wasn't much to do, especially if you're the active type. However, the state is home to several outdoor and natural features such as lakes, parks, and beaches. In recent years, the state has enhanced everything from shopping to arts and culture. Major cities such as Oklahoma City and Tulsa have thriving shopping and entertainment districts, as do many smaller communities. Plus, with so many college towns in the state, there's a plethora of opportunities for performing and visual arts.
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Retirement in Oklahoma offers a low-cost lifestyle and abundant opportunities for travel, recreation, and entertainment. Plus, the state's easygoing and friendly vibe is a welcome break after years in the rat race that is the workforce.
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2015-13-09
Tuesday, 09 Jun 2015 07:13 PM
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