Ardmore, Oklahoma Income Statistics
Ardmore Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Ardmore Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,734 | $65,606 | $80,455 |
| Median Personal Income | $43,524 | $51,752 | $60,758 |
| Average Yearly Income Growth | 3.1% | 3.9% | 4.8% |
| Six-Figure Earners | 6.3% | 9.2% | 13.9% |
| $200k+ Households | 4.0% | 7.2% | 13.2% |
The median household income in Ardmore is about 18% lower than in Oklahoma. Income has been growing slower in Ardmore (3.1%/yr) than in Oklahoma (3.9%/yr).
About 6% of adults in Ardmore earn six figures ($100,000 or more) a year, lower than the Oklahoma average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Ardmore, Oklahoma grew by 60.6% from 2009 to 2024, reaching $53,734 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Ardmore
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.553 | 0.552 |
| Male Median Income | $55,219 | $60,162 | $69,667 |
| Female Median Income | $39,133 | $46,815 | $56,850 |
| Gender Pay Gap | 29.1% | 22.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Ardmore, it is 0.542, lower than Oklahoma's 0.553, so income is more evenly distributed here than there.
Men's income is about 41% more than women's income in Ardmore, Oklahoma. Over a 35-year career, a 41% wage gap accumulates to roughly $563,010 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ardmore, Oklahoma has widened from about 27% to 29% in 2024. Over that period the gap was widest at 38% in 2016, and was narrowest at 22% in 2013. In dollar terms, the gap has widened by $6,842 since 2009.
Against the trend: the pay gap in Ardmore widened by 1.7 points while Oklahoma's narrowed by 2.1 points.
Employment
| Metric | Ardmore | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.9% | 5.2% |
| Working from Home | 3.9% | 9.4% | 15.0% |
| Commute time (minutes) | 12 | 18 | 22 |
Approximately 500 people are unemployed in Ardmore, Oklahoma.
The average commute time in Ardmore is 12 minutes, shorter than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ardmore, Oklahoma has fallen from 6.1% to 4.9% in 2024. Over that period the rate peaked at 7.9% in 2013.
Conclusion
Considering all these factors, Ardmore, Oklahoma has an overall wealth index grade of D, making it about on par with Oklahoma, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ardmore, Oklahoma.
How Wealthy Is Ardmore, Oklahoma?
Ardmore has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,734, about 18% lower than the Oklahoma average of $65,606.
How has median household income changed in Ardmore, Oklahoma?
Between 2009 and 2024, the median household income in Ardmore, Oklahoma rose 61%, from $33,459 to $53,734. Over the same years, income here outpaced Oklahoma as a whole: +61% against +57%.
What was the median household income in Ardmore in 2023?
In 2023, the median household income in Ardmore, Oklahoma was $52,248, up 7% from $48,816 in 2022. The Oklahoma median that year was $63,960.
What was the median household income in Ardmore in 2020?
In 2020, the median household income in Ardmore, Oklahoma was $45,758. By 2024 it had risen 17% to $53,734.
What is the Gini coefficient in Ardmore, Oklahoma?
The Gini coefficient in Ardmore is 0.542. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Ardmore, Oklahoma?
Since 2009, the income gap between men and women in Ardmore, Oklahoma has widened from about 27% to 29% in 2024. Over that period the gap was widest at 38% in 2016, and was narrowest at 22% in 2013. In dollar terms, the gap has widened by $6,842 since 2009.
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