Oklahoma City ranks No. 3 for overall housing affordabilityPublished: Wednesday, May 12, 2021 By: Eric Long Source: The POINT!
- Among U.S. metros with over 1 million population, Oklahoma City ranked third for the lowest percentage of severely cost burdened middle-income households.
- Urban Land Institute determined overall housing affordability by examining the extent to which middle-income households face substantial housing challenges.
- Middle-income households who earned $35,000 to $75,000 and spent more than 50% of income on housing were considered “severely cost burdened.”
For comprehensive Economic Indicators and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com or contact Eric Long, Research Economist – 297-8976; firstname.lastname@example.org.