According to the most recent cost of living survey conducted by the American Chamber of Commerce Researchers Association (ACCRA), Oklahoma City remains one of the most affordable major metropolitan areas in which to live. The cost of living index measures the differences in costs of 57 consumer goods and services, excluding taxes, across 300 other cities nationwide.

For the fourth quarter of 2006, the composite index for the Oklahoma City MSA was 92.3 or 7.7 percent below the National Average of 100. Low housing costs are the principal reason Oklahoma City's cost of living remains relatively low. With a housing index value of 84.5, Oklahoma City's housing market is 15.5 percent below the national average.

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