Today, CNBC released its 2010 state-by-state rankings today and ranked Oklahoma the best Cost of Living state for a second year in a row! (For full disclosure: Oklahoma and Tennessee tied for first place in 2010.) Visit Oklahoma’s profile from CNBC’s “America’s Top States for Business 2010”:
There’s more detailed State Profile information on CNBC’s website. CNBC explains its cost of living analysis as such:
The cost of living helps drive the cost of doing business. From housing to food and energy, wages go further when the cost of living is low.
Here are the ten categories ranked in our study:
- Cost of Doing Business
- Quality of Life
- Transportation & Infrastructure
- Technology & Innovation
- Business Friendliness
- Access to Capital
- Cost of Living
CNBC’s data sources include: U.S. Government, RealtyTrac, Center for Budget & Policy Priorities, Federation of Tax Administrators, and State Commerce Department.
What does this mean for you, a potential or current Oklahoma homeowner?
Right now, the world, our nation, and our state are experiencing a slow economy; however, you need a roof over your head, and Oklahoma provides a solid place to hang your hat for the long-term. No state is perfect or permanently “the best” (no, not even Texas is perfect, you Texans ;). However, Oklahoma is consistent, partially buoyed by energy profits but also experiencing reasonable growth on a consistent basis instead of experiencing significant ups and downs in home values. During the past years of economic downturn and restructuring, Oklahoma has risen to the top of state rankings, a testimony to my belief that “the grass is not greener outside of Green Country” (yes, I made that up ;).
Can I help you buy or sell a house?
Yes, and I can feel good about doing it. Congratulations on picking Oklahoma, even if Oklahoma picked you!