Save Money in Oklahoma Where Unemployment Rates are the Lowest

Chamber Staff with VeloCity OKC recently published two separate articles noting the successes of the Oklahoma City area. As the Proudly Overbuilt™ home builder in the metro, it is important to note and celebrate the achievements of OKC.  

Oklahoma is the No. 4 easiest state to save money in 

Explore the first article from Velocity OKC here about saving money in Oklahoma or as quoted below: 

“Oklahoma ranked as the No. 4 easiest state in the country to save money, according to a new Bankrate study that looked at financial conditions across all 50 states.  

The study measured cost of living, taxes, employment growth and available interest rates on savings products to determine where Americans are most likely to grow their savings.  

Tennessee, Missouri and Texas were the only states ranked higher than Oklahoma. The state placed ahead of Florida in the top five.  

Bankrate reported that Oklahoma’s ranking came largely from its low cost of living, which was the second lowest in the country. Residents benefit from cheaper housing, food and goods compared to much of the United States.  

The state’s 9% state and local tax burden is below the national median of 10.2%, placing Oklahoma No. 10 in that category. It also ranked No. 12 for local economic performance, based on job growth and affordability.  

Oklahoma scored No. 13 overall for deposit interest rates, including third in average rates for money market accounts, according to the study.  

The report found that Southern and Midwestern states tend to offer better conditions for saving, while Northeastern and Western states are more expensive and show slower job growth.  

Hawaii was listed as the hardest state to save money due to high costs and declining employment.  

For the full rankings and data, visit Bankrate’s website or view a map summary in Newsweek.” 

Low unemployment rates

Explore the second article from Velocity OKC here about low unemployment rates in Oklahoma or as quoted below: 

“Oklahoma City ranked No. 1 lowest unemployment rate in April among the 56 U.S. metropolitan areas with a population of over 1 million, signaling strength in the local economy. The metro’s 2.3% unemployment rate was down from 3.0% in March.  

This distinction highlights OKC’s sustainable economy and stable labor market. A low unemployment rate often points to strong job growth, consistent hiring, and economic momentum.  

The April report marked the 45th consecutive month OKC has maintained an unemployment rate below 4%, the longest such streak in its modern history.   

In comparison, Fresno, California, had the highest unemployment rate among large metros at 8.3%.  

Unemployment statistics for April:  

• Oklahoma County reported 2.5%, down from 3.1%  
• Tulsa metro also stood at 2.5%, down from 3.1%  
• Statewide, Oklahoma’s rate declined slightly from 3.3% to 3.2%  
• Nationally, unemployment held steady at 4.2%  

Across Oklahoma, unemployment in April was lower than a year earlier in 68 of 77 counties. Rates rose in six counties and remained unchanged in three.  

These data points serve as an indicator of economic health. Low unemployment can signal that businesses are hiring, people are working, and the local economy is expanding steadily.  

For more information, visit the sites below:  

• Oklahoma Employment Report (includes Greater OKC Partnership counties)  
• Bureau of Labor Statistics Metropolitan News Release  
• Unemployment Rate Rankings for Large Metros  
• Oklahoma Local Area Unemployment Statistics” 

Build a Better Life in a Proudly Overbuilt™ Taber Home  

With Oklahoma ranked among the top easiest states to save money and Oklahoma City boasting the lowest unemployment rate among large U.S. metros, there’s never been a better time to plant roots in an area that’s thriving. Affordable living, strong job growth, and consistent economic stability make OKC more than just a great place to live; it’s a smart financial move. 

At Homes by Taber, we build more than just houses; we build futures. Our Proudly Overbuilt™ homes throughout the metro deliver unmatched value, comfort, and quality right here in the heart of Oklahoma. Whether you're relocating for new opportunities, looking to save more, or simply ready for a higher standard of living, Oklahoma City checks all the boxes. A Taber home is the perfect place to start. For more information, fill out the contact form or call us at (405) 984-1185.