Nichols Hills 69 Good
Nichols Hills Livability #45 ranked city in Oklahoma#7,733 ranked city in the USARanks better than 73% of areas

Pros and Cons of Living in Nichols Hills

PROS
  • Crime

    Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.

  • Employment

    Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.

  • Housing

    High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.

  • Ratings

    Based on recent surveys and polls, locals gave high marks in the walkability to local amenities, safety, public transit, friendliness of neighbors and overall sense of community in the area.

CONS
  • Amenities

    The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.

  • Commute

    A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.

  • Cost Of Living

    Living in this region comes with a high cost of living, translating to elevated costs for homes, goods and services, groceries, utilities, health care and transportation.

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What's it like Living in Nichols Hills?

Nichols Hills is a small-sized city located in the state of Oklahoma. The city has a population of 3,910 inhabitants. If we look at the most recent Census, Nichols Hills is known to have a predominantly White population. The next two most common races are Asian and Black. Nichols Hills is known to be family friendly as more than 78% of the population has already tied the knot. It might also be worth noting that 41% of residents also have children under the age of 18. If you're not a fan of traffic congestion and long commute times to work, Nichols Hills is the place to be. Commutes to work here are shorter, with an average one-way commute time taking only 13 minutes, significantly lower than the national average of 26 minutes.

Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Nichols Hills could be a positive experience compared to other cities in Oklahoma if you know where to look. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Nichols Hills and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Oklahoma and national averages.

Nichols Hills, OK receives 68/100 for its livability score; this results in a ranking of #40 in Oklahoma and #7,539 in the USA. If we explore each of the categories individually, we see that Nichols Hills ranks well for crime (A+), education (B-) and housing (A-). On a more negative note, Nichols Hills does not have favorable ranks for the following: amenities (F) and cost of living (F). If we take a look at the data, we can find out why.

Low rates of violent crime, encompassing offenses such as murder, rape, robbery and assault, contribute significantly to a safer living environment. This reduction in crime minimizes the chances of personal harm, property theft, or violent incidents. Furthermore, low crime rates can have a positive impact on property values and the overall desirability of an area. There were 0 crimes per 100,000 residents, which signifies that Nichols Hills boasts an impressively low violent crime rate that falls well below the national average.

The unemployment rate in Nichols Hills has consistently declined over the years and currently stands well below the national average at 0.86%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.

Real estate represents the most substantial investment for homebuyers, constituting their most valuable asset. Renters, on the other hand, typically see their monthly rent as their most significant expense. The Nichols Hills market earns a high score in the housing category, surpassing the national average in factors like home and rental affordability and appreciation rates. This robust real estate market not only benefits individual homeowners and renters but also spurs vigorous local economic activity and job growth, solidifying its significance in driving the region's prosperity and financial well-being.

There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Nichols Hills is actually affordable. Median real estate prices in Nichols Hills come in at $717,800, which is 491.8% higher than the Oklahoma average. The home price to income ratio compares the median home prices to the median household income. In Nichols Hills, the home price to income ratio is 4.2, which is 68% higher than the Oklahoma average.

Best Places to Live in and Around Nichols Hills

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Compare Nichols Hills, OK Livability

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      Nichols Hills transportation information

      Statistic Nichols Hills Oklahoma National
      Average one way commute13min21min26min
      Workers who drive to work86.6%82.6%76.4%
      Workers who carpool3.8%10.1%9.3%
      Workers who take public transit0.0%0.5%5.1%
      Workers who bicycle0.0%0.2%0.6%
      Workers who walk0.8%1.8%2.8%
      Working from home8.7%3.6%4.6%
      Source: The Nichols Hills, OK data and statistics displayed above are derived from the United States Census Bureau American Community Survey (ACS).