9 U.S. Cities Where It’s Cheaper to Own than Rent a Home

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4) Tulsa, Oklahoma

Chandler Bing on the comedy series, Friends, may have been exaggerating when he called it the Paris of Oklahoma. Nonetheless, Tulsa does have an attractive downtown with an arts and culture scene. With the average home price of $174,697, it takes 1.34 years to break even here. An average mortgage payment is $449, while rentals average $1,093. Energy is a big industry with around 1,000 companies located locally; many in gas and oil. It’s located along the Arkansas River and experiences hot summer days with low humidity. Winters are mostly mild. The cost of living index is 84.8 and Tulsa ranked below national averages in all categories but transportation. It also has the cheapest index for housing on the list so far, at 57. Unfortunately, there is a high rate of violent crime.

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