With home prices rising throughout most of the country and the cost of living continually moving upward, it can be difficult to make ends meet. According to the US Census Bureau, the median household income in the United States was $61,372 in 2017. Meanwhile, the Consumer Expenditure Survey reported that the average US household spent almost 95% of that each year. Forbes put together a list of cities that provide a fantastic place to live when you make less than $60,000. Tulsa affordability landed it the #9 spot on that list.
Tulsa Affordability Makes Forbes’ Top 10
You’ve heard the saying “it’s all relative”. That rings true when it comes to money and lifestyle. While millions of people in big cities across the country earn more than $60,000 per household, they pay a higher cost to live there, too. In Tulsa, an uptick in the aerospace, financial, and technology fields replaced the oil-dependent economy of the past.
Forbes reported a median household income in Tulsa of $43,045. It costs the average Tulsa resident $28,993 for basic necessities. That’s 67.4% of the median income. However, you can live very comfortably on $57,986 per year. That puts the cost of necessities at half of your income. This allows you plenty left over for your extra-curricular activities as well as saving for college and retirement. Unemployment sits at 3.2% in Tulsa as of May 2019. That’s just below the 3.6% national average. Tulsa affordability runs well below the national average. Its cost of living index is 89.6% of the national average, with housing 62.8% less than the US average.
Forbes’ 13 Cities Where You Can Live Comfortably on Less Than $60,000
- El Paso, TX
- Detroit, MI
- Albuquerque, NM
- Wichita, KS
- Tucson, AZ
- Las Vegas, NV
- Louisville, KY
- Memphis, TN
- TULSA, OK
- Indianapolis, IN
- San Antonio, TX
- Fresno, CA
- Columbus, OH
