Moving to Tulsa is a wonderful place to call home, whether you’re moving for work opportunities, education, or an affordable cost of living. Tulsa is a vibrant mix of green forests, arts and music, job opportunities, recreational activities, new and historical housing, and development, situated in the northeastern part of Oklahoma.
Sitting along the winding Arkansas River, between the rolling Osage Hills and the foothills of the Ozark Mountains, Tulsa not only offers opportunities but also offers a range of beauty. Northeastern Oklahoma possesses seven of the eleven ecoregions of Oklahoma.
Guide Moving to Tulsa, Oklahoma
Oil and the energy industry have historically fueled Tulsa’s economy. The city is now home to other flourishing sectors, such as finance, aviation, technology, and telecommunications. Thanks to its beloved NCAA Division I level schools, Oral Roberts University and the University of Tulsa, Tulsa is a great place to call home if you are a fan of college sports or want to attend a respected university.
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Tulsa has recently been named by Partners for Livable Communities, Forbes, and Relocate America as one of the most livable major cities in America. Livability.com named Tulsa #66 of the “Top 100 Best Living Places for 2019.” Realestate.usnews.com ranked Tulsa #83 among the 125 metro areas in the US as the best places to live. It seems that if you move to Tulsa, you will have the chance to have a great quality of life.
Tulsa had a population of approximately 403,035, as Oklahoma’s second-most populated city, There are up to 991,000 people in the greater Tulsa metro area. Known for most of the 20th century as the “Oil Capital of the World,” Tulsa now has a vibrant and thriving economy fueled by banking, engineering, aerospace, and communications. You may opt to live in a historic neighborhood near downtown or in a sprawling suburb away from the hub-bub. Tulsa offers a wide range of lifestyle options.
House Market in Tulsa
Tulsa has a hot housing market as of December 2020 and is a fantastic place to live, work, and raise a family. The average home value, according to Zillow, is $127,028, which is 3.7 percent higher than the previous year. Industry analysts expect that home prices will begin to grow by around 1.7% in 2020.
Ranch Acres and Bryn Mawr are the most expensive neighborhoods. There were 2,240 for-sale homes in Tulsa as of January 2020, at a new median listing price of $194,800.
The average cost of rent per month is $950. Bixby, Oakhurst, and Stillwater are the most costly regions to live in. Lawton and the downtown area are the most accessible.
Cost Of Living In Tulsa
At an index of 83,2, Tulsa’s low cost of living is lower than the state median index of 100. Costs below the average index of 100 include food at 95, lodging at 51, services at 96, and transport at 90. The higher than normal expenditures are health at 110 and miscellaneous expenses at 101, such as maintenance, insurance, dining out, food, etc.
A four-person family residing in the Tulsa metro area will need an annual income of $82,332 or $6,861 a month to meet an acceptable standard of living, according to the Economic Policy Institute’s Family Budget Calculator.
Job Market: Moving to Tulsa, OK
All in all, Tulsa has a better job market relative to similar-sized metro areas. Compared to the US average of $50,620, the average salary for a Tulsan is $45,260. The unemployment rate, which is 0.2% lower than the national average, is 3.7 percent. In 2019, the work market rose by 2.7%. Employment growth is expected to grow by 29.5 percent over the next ten years, compared to the US job growth rate of 33.5 percent.
Established in the area, the United States Oil and Gas Association, formerly the Mid-Continent Oil and Gas Association, provided generations of residents with viable jobs. This industry has been driving Tulsa’s economy for decades.
Magellan Midstream Partners, WPX Energy, Syntroleum, ONEOK, Laredo Petroleum, Samson Resources, Williams Companies, SemGroup, ONE Gas, Helmerich & Payne, and Excel Energy are among the current energy producers. Consumer Affairs, Stephens Media Company, This Land Press, Educational Development Corporation (Kane/parent Miller’s publisher), GEB America, and Blooming Twig Books are other major employers.
Small and medium-sized companies are Tulsa’s most popular employers, with small businesses making up more than 80 percent of LLCs in the region. The town continues to diversify its industries and has developed a base in the field of aviation, banking, engineering, telecommunications, high tech, and development.
At online job boards like LinkedIn, Indeed, Glassdoor, Monster, etc., job seekers should begin their search. Before you begin your search, be sure to polish up your resume and refine your interview skills.
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