OKC CHAMBER VELOCITY: OKLAHOMA RANKED THIRD IN ‘HOW LONG $500,000 LASTS IN RETIREMENT’ LIST
In a recent analysis of each state’s cost of living indices and estimated annual expenses derived from Bureau of Labor Statistics data, GOBankingRates.com recently found that $500,000 in retirement savings would last a little longer than 11 years and four months in Oklahoma for people aged 65 and over, enough for third-best in the nation.
Kansas slightly bested Oklahoma for the #2 spot, while Mississippi came in first with $500,000 lasting 11 years and 7 months, 18 days.
Oklahoma and OKC are no stranger to retirement-related accolades. Due to a high quality of life and generally low cost of living, OKC gives many retirees what they need in terms of lifestyle, healthcare, housing and more.
- OKC ranked sixth among budget-friendly cities for Veterans
- OKC ranked among best cities for retirees
- OKC among top ten cities for Veteran homebuyers
- OKC enjoys the nation’s lowest electricity costs
- New Brookings report gives OKC high marks
- OKC is one of top 15 cities where high quality, low cost of living is very achievable
Stay tuned to the Acclaim section on VeloCityOKC.com for more third-party OKC accolades.
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