Greater Oklahoma City is in the geographic center of North America equidistant from the east and west coasts and major trade partners of Canada and Mexico. The ten county region is at the crossroads of the U.S., sitting at the heart of three major national highways on the NAFTA corridor.
There's a reason Greater Oklahoma City is such a great place for business: Location. The ten county region is positioned within a day's drive of the rapidly-growing south-central region (OK, TX, AR, LA) projected to grow more than 44% during the next 25 years.
Explore the counties and cities of Greater Oklahoma City including major employers and higher education. The ten county region boasts an average commute time of 20 minutes and a skilled workforce over half a million strong.
Noting low costs of living and good jobs, Forbes named Oklahoma City America's Most Affordable City.
At the height of the Great Recession, Forbes.com said Oklahoma City was the most recession-proof city in the country. Two and a half years later, the magazine has given the city another top ranking.
Noting low costs of living and good jobs, Forbes named Oklahoma City as America's Most Affordable City.
The magazine also noted Oklahoma City's friendly residents and an unemployment rate well below the national average, 6.3 percent compared to 9.5 percent.
"We searched for cities that had a balance of cheap living and economic prosperity - places with solid job markets, but where costs aren't prohibitive," magazine editors said. "In these cities, costs have stayed down, but residents have held onto steady incomes and decent jobs, making them a true bargain."
Forbes looked at all metropolitan statistical areas with populations of at least 100,000. They were ranked on the cost of a basket of goods and services, including groceries, health care and transportation, as of the second quarter of 2010.
The magazine also measured the monthly cost of housing as a percentage of household income.
The average sale price of an Oklahoma City-area home in September was $158,755, up 6.7 percent from September 2009, and the median price was $135,000, up 4.8 percent, according to the Oklahoma City Metro Association of Realtors.
The next four spots on the Forbes list went to Pittsburgh; Buffalo, N.Y.; Rochester, N.Y.; and Nashville, Tenn. The top 10 also includes three Texas cities: San Antonio, Houston and Austin, along with Louisville, Ky., and Birmingham, Ala.
"State capitals and university towns have vibrancy because of their job base, the stability of jobs and cultural diversification," said James Gaines, a research economist at the Real Estate Center at Texas A&M University.
Continuing praise
The ranking was the latest in a string of kudos for Oklahoma City. In October, Oklahoma City was named a Top 25 Performing City by the Milken Institute, No. 7 Best City for Income Growth by Portfolio.com, a Top 5 Fastest Growing City by Forbes and a Top 10 State for Doing Business by Area Development Magazine.
"In times like these, value is key to everything we do as a chamber," said Roy Williams, president and CEO of the Greater Oklahoma City Chamber. "From attracting new business, retaining and fostering growth with our current companies to attracting conventions and visitors, the number one factor on everyone's mind is value. Affordability isn't always about being the cheapest, it is also about the quality you get for your dollar."
The Boeing Co. recently announced plans to move 550 high-paying engineering jobs here. The company cited low costs of living and doing business and economic development incentives in the decision to move the jobs from Long Beach, Calif.
Smart organizations know value – value in location, environment, and workforce – drives success and profitability. And that combination is what Oklahoma City delivers better than any other metro.
What types of companies are a good fit to take advantage of Oklahoma City’s exceptional combination of low costs of business / living and high quality of life? Firms in these diverse industries all call OKC home:
Relocation Services
A Team of Your Own
The Greater Oklahoma City Partnership offers a multitalented team of state and local economic development specialists to be assigned to your project. These specialists will work together to meet your specifications - delivering rapid response times and optimizing your new Greater Oklahoma City location.
Information Services
We will provide that data you need in the 10-county aggregate, one county at a time, or any other way you specify. And we'll provide it in the form you prefer - via email, secured Web site, fax or overnight delivery. We'll not only provide you with data on our region, but also comparative data on 45 other cities. These valuable demographic and operating cost comparisons will provide valuable insight on Greater Oklahoma City's advantages. View the Regional Data online.
Web-Based Property Locator
This one-stop, web-based business portal gathers economic, planning, utility, geographic and demographic information into one dynamic resource. Available sites from throughout the region are entered and updated on an ongoing basis. http://www.okcedis.com/
Contact Us
Michael Ogan
Director Business Development
(405) 297-8956
mogan@okcchamber.com
Amber Egnor
Senior Business Development Manager, Recruitment
(405) 290-7067
aegnor@okcchamber.com
Elizabeth Richardson
Manager Business Development, Existing Business
(405) 290-7062
erichardson@okcchamber.com
Gary Pence
Senior Business Development Manager, Aviation
(405) 297-8953
gpence@okcchamber.com