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- In conclusion, retiring in Oklahoma presents various advantages, including a low cost of living, a mild climate, and a welcoming community. Nevertheless, potential drawbacks, such as limited access to healthcare facilities and a lack of diverse recreational activities, warrant careful consideration.
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Mar 14, 2023 · Living in Oklahoma after retirement means dealing with a mixed bag of pros and cons. Some people might suggest that living in Oklahoma has more pros than cons, but specific pros can vary for the retirees, tipping the scale the other side. For example, Oklahoma offers rapid income growth.
- David Bolton
Is Oklahoma a good place to retire? According to data from the U.S. Census Bureau in 2020, Oklahoma had a population of approximately 4 million people, with over 16% of the population being over the age of 65, making it one of the top states with a large retirement population.
- In Oklahoma, Home Ownership Is More Affordable. Oklahoma is one of the best states for a low cost of living. For example, Oklahoma’s median home value is almost half the median-priced home in the United States.
- Cost Of Renting Is Favorable When Living In Oklahoma. Oklahoma is an affordable place to live for renters. The state has one of the country’s top 10 lowest average rents.
- Other Oklahoma Living Costs Are Moderate. Oklahoma’s other living costs are also favorable if you are on a tight budget. Food, utilities, and transportation expenses are well below average versus the rest of the U.S. Costs are similar to Oklahoma’s neighboring state to the northeast, Missouri.
- Oklahoma Offers Some Great Mid-Sized City Living Options. Oklahoma has top-notch mid-sized cities for settling down and enjoying everything life offers here.
Jun 25, 2024 · So whether you’re searching for homes for sale in Oklahoma City, an apartment in Tulsa, or wondering if Oklahoma is a good place to live, read on for ten pros and cons of living in Oklahoma before calling this state home.
Apr 5, 2023 · According to the report, Oklahoma ranks as the 19th best place to retire among the 50 states. The state ranks sixth best in affordability, its best performing category.
Aug 15, 2024 · The state boasts a low income tax rate with considerable deductions available for retirement income, including partial exemptions on Social Security benefits. While it has a relatively high sales tax rate, the property taxes are quite low.
Sep 14, 2024 · Main Points. Affordability: Oklahoma offers a lower cost of living compared to the national average, making retirement more financially manageable. Limited Healthcare Access: Rural areas may have fewer specialized medical facilities, impacting healthcare options for retirees.