BusinessWeek Ranks Oklahoma City And Tulsa Among Strongest Metros

October 23, 2009 - BusinessWeek magazine has ranked Tulsa and Oklahoma City among the 40 strongest metros in the United States. Oklahoma City is No. 3 and Tulsa is No. 7.

The magazine based its ranking on data and analysis from the Brookings Institution's new MetroMonitor study, including job growth, employment, economic growth and home prices.

BusinessWeek says metro areas like Oklahoma City and Tulsa never let home prices get too hot or too cold, which has paid off in the form of a more stable economy during the recession.

BusinessWeek says in the Oklahoma City metro area, home prices grew 2.1% in the second quarter compared with the same period a year earlier.

The magazine says Tulsa has remained relatively stable in large part because of the oil and gas industry, with home price growing 2.5% in the second quarter.