A new study found that Oklahoma is a hotspot for out-of-state residents looking for a fresh start, especially millennials. The comprehensive study was conducted by StorageCafe, an online platform that provides storage unit listings across the nation. Its researchers utilized data from the U.S. Census, the Bureau of Labor Statistics and other sources. By examining migration patterns, income levels and demographic characteristics, the study provides valuable insights into the factors shaping domestic migration trends.

Shifting migration patterns

In recent years, the United States has witnessed a significant shift in migration patterns, with more people opting for state-to-state moves, seeking affordability, space and a change of pace. Among the states experiencing an influx of newcomers, Oklahoma stands out as a compelling choice. With nearly 10 newcomers for every 1,000 residents, the Sooner State has firmly secured its spot in the top 10 states with the highest net migration.

The Oklahoma advantage of affordable living

Oklahoma's allure is multifaceted, but its affordability remains a prime draw. The state boasts a median home price of approximately $167,000, presenting a stark contrast to the soaring housing costs in states such as California and Texas. This affordability has become a beacon for millennials looking to buy a home.

Here are the study’s key Oklahoma insights:

• The largest influx of newcomers hail from Texas (roughly 23,900 people), where home prices are 28% higher. Texans relocating to Oklahoma manage to save an average of $67,000 in housing costs.
• California emerged as the second-largest source of transplants, particularly of households with three members. Californians find Oklahoma homes around $478,000 less expensive than in their state of origin. Roughly 12% of former Californians are working from home.
• Kansas and Arkansas are the next-largest sources of newcomers in Oklahoma, with Arkansas sending the most educated population – 39% have a bachelor's degree or higher.
• Oklahoma’s wealthiest new residents come from Colorado, bringing in earnings of nearly $93,000 per household.

A change in priorities

The COVID-19 pandemic catalyzed a change in priorities for many individuals. As remote work became more prevalent, amenities such as dedicated home offices and spacious yards became increasingly desirable. Consequently, people started moving away from bustling urban centers, seeking more space and tranquility. This trend has significantly contributed to the migration patterns observed across the nation and here in Oklahoma, a beacon of beauty, opportunity and affordability.

This story originally ran on VeloCityOKC.com.