The program, which is funded by the George Kaiser Family Foundation - an influential Tulsa-based philanthropy, is attracting people to Tulsa by paying them $10,000 in cash, providing desk space and offering other perks. The program is one of the first of its kind in the U.S., with similar ones implemented in Vermont, Alabama and Kansas.

After seeing its population peak in 2016, Tulsa Remote is seen as a way to lure in talent to help reverse the declining population and boost the city's economy.

"The last few years have been the slowest population growth [in the state] since the late '80s, early '90s," said Chad Wilkerson, branch executive of the Kansas City Fed's Oklahoma City Branch office. "A good amount of it is driven by the downturn of the energy sector in 2014 and 2015, and people seeking jobs elsewhere."

Tulsa Remote is touting the city's cost of living as its selling point to attract people from expensive coastal cities. The median home price in Tulsa is $157,200—43% below the national average, while the average rent for a 2 bedroom apartment is $658 per month.