The Midwest state with the lowest cost of living revealed - after its major city was ranked 'cheapest place to rent'

Oklahoma has been classed arsenic nan state pinch nan lowest costs of living aft its awesome metropolis was revealed arsenic nan cheapest large metropolis successful nan state to rent in.

Prices person risen quickly since nan yearly inflation complaint jumped to 7 percent successful 2021 and Americans person been near emotion nan pinch.

But caller investigation has revealed that Oklahoma has nan lowest cost of living crossed each 50 states.

Annual costs for nan mean family are 14.8 percent little than nan nationalist average, according to GOBankingRate.

It comes aft investigation showed nan average rent for an flat successful Oklahoma City is 46 percent beneath nan nationalist average.

Using nan mean value of groceries, lodging and utilities, Oklahoma is nan authorities pinch nan lowest costs of living.

A family successful nan Midwest authorities tin expect to walk $62,900 a twelvemonth connected these essentials which is almost 15 percent little than anyplace other successful nan country.

Oklahomans walk six percent little connected groceries and different 2 percent little connected utilities.

But nan biggest savings travel successful lodging which costs astir a 3rd little than nan nationalist average.

Real property agents successful nan area opportunity Americans person been drawn successful by nan inexpensive location prices arsenic they are capable to activity remotely.

Almost 120,000 group moved to Oklahoma successful 2022 and it is is among nan apical 10 states which spot nan astir out-of-state residents move there.

Mississippi is nan 2nd cheapest authorities pinch nan mean family spending $62,971 per year.

Hawaii is nan astir expensive, pinch surviving costs astatine $131,560 followed by Massachusetts and California, some astatine much than $100,000.

New York and Alaska are adjacent connected nan database of nan highest costs of surviving astatine much than $91,000.

The costs of surviving successful Oklahoma's neighboring states Kansas, Arkansas, Texas is 23 percent, 11 percent and 7.3 percent little than nan nationalist average.

Oklahoma City is nan cheapest large metropolis successful nan state to rent in, according to a caller poll.

The mean rent for an flat is $839 per month, which is 46 percent beneath nan nationalist average, information compiled by nan Council for Community and Economic Research's Cost of Living Index showed.

In position of rent affordability, Oklahoma City, boasting a organization of 1,396,445, came conscionable up of Birmingham, Alabama, and adjacent Tulsa, Oklahoma.

The database - which was compiled by Kiplinger from metro areas successful nan U.S. pinch a organization of much than 1 cardinal residents - showcases a batch of affordable cities successful nan South and nan West.

Earlier this year, it was revealed really it is now cheaper to rent than it is to bargain a spot successful each 50 of America's biggest metropolitan areas, according to Realtor.com's rental report.

While it was already much affordable to rent than bargain successful nan immense mostly of metro areas successful 2023, elevated owe rates and soaring location prices person now flipped nan remaining markets.

In Oklahoma City, while nan costs of surviving is akin to that recovered successful immoderate different mini town, Oklahoma City has a assortment of big-city amenities, including its ain philharmonic orchestra, nan National Softball Hall of Fame and Museum and nan NBA's Oklahoma City Thunder hoops team.

Several starring lipid and state companies person besides made Oklahoma City their location pinch oil-producers awesome employers successful nan region.

Devon Energy, Chesapeake Energy and Continental Resources are each based successful nan town.

There are presently 12 cities crossed nan authorities of Oklahoma that are among nan cheapest mini towns successful America.