Thinking about moving to Oklahoma City?
You’ll be in good company. Between 2010 and 2016, more than 58,368 people have moved to Oklahoma City, an increase of 10.1%. New residents are attracted to Oklahoma City’s affordable living, strong and steady job growth, small-town friendliness, and revitalized downtown. OKC is a rising Midwestern star.
Oklahoma City is home to 638,367 Oklahoma Cityan. With an area of 606.4 square miles, Oklahoma City has a population density of 1,053 persons per square mile, which makes it less dense than many other cities of comparable size.
The Oklahoma City, OK Metropolitan Statistical Area boasts a population of 1,373,211 people, of which Oklahoma City proper’s population makes up 46%.
One of Oklahoma City’s greatest strengths is its relatively affordable housing market. The median home value in Oklahoma City is $131,000, -35% below the US median value, according to Zillow. The median price per square foot in Oklahoma City is $83. Over the past 5 years, home values in Oklahoma City have increased by 3%.
Renters in Oklahoma City will also have an easy time finding affordable housing. The median rent in Oklahoma City is $1,070 per month, which is 25% lower than the US median. Over the past year, rental rates in Oklahoma City have decreased by 3.7%.
The Oklahoma City economy is on fire. The Oklahoma City metro area’s GDP grew by 22% between 2010 and 2015, from $59 billion in 2010 to $72 billion in 2015, a total increase of $13 billion. The metro area has a per capita GDP of $52,446. According to the US Census Bureau, the median household income in Oklahoma City, OK is $51,461, 3% lower than the national median. Oklahoma City’s unemployment rate is 4.4%.
$51,461, 3% lower than the national median. Oklahoma City’s unemployment rate is 4.4%.