Cost of Living Elevates Oklahoma City’s Competitiveness

Author:	Homes Discovered
Source:	NA
Date:	May 7, 2010

Oklahoma City’s low cost of living helped it rank the least-costly city of its size in KPMG’s Competitive Alternatives International Business Location Guide. Oklahoma City was the best of 12 metropolitan areas with populations between 1 million and 2 million. “This is more evidence Oklahoma City can compete with any market in the United States,” said Roy Williams, president of the Greater Oklahoma City Chamber.  “Our low cost of living and business-friendly climate continue to be a huge asset in recruiting and retaining companies to our city.” The KPMG ranking which scored Oklahoma City an index of 95.6, also noted low costs for labor, leasing rates and utilities.  The KPMG study measures 26 cost components, as they apply to 17 industries, over a 10-year planning horizon. “Selecting the best site for a business operation requires balanced consideration of many factors including business costs, business environment, personnel costs and quality-of-life issues,” said Hartley Powell, leader of KPMG’s global location and expansion services practice. Oklahoma City has gotten lots of good buzz in recent months. Business Insider named it among “20 cities that Are Having an Awesome Recovery,” and Portfolio.com ranks it No. 6 among the top 10 :Best Places for Young Adults.”  In December, Market Watch.com put Oklahoma City in its top 25 Best Cities for Business” list.

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