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Oklahoma City is America's most affordable city

Oklahoma City is the most affordable city in the country.

Oklahoma City is the most affordable city in the country.

One of the most important things moving familes need to account for is how much it will actually cost them to live in a particular location - including housing, cost of living, and the availability of jobs. A recent study by Forbes says that Oklahoma City is the most affordable city in the country.

The report examined data on the cost of goods and services - ranging from food to transportation - housing and employment, and eliminated cities with depressed economies. Analysts say the Oklahoma City's low cost of living, schools and its place as a state capital helped give it the top spot.

"State capitals and university towns have vibrancy because of their job base, the stability of jobs and cultural diversification," James P. Gaines, a research economist at the Real Estate Center at Texas A&M University, told the magazine.

Other cities which the magazine listed as very affordable included Pittsburgh, Nashville and Buffalo and Rochester, New York.

The state offers very affordable housing prices despite a relatively low level of foreclosures, which are often a source of discounted homes for moving families. Data from RealtyTrac found that the city near the bottom third of the cities nationwide in terms of foreclosures.