Wealth Index
Wealthier than 92% of counties in Oklahoma
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Cleveland County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $74,438 | $63,953 | $78,145 |
| Median Personal Income | $56,867 | $52,060 | $61,726 |
| Average income growth | 3.4% | 4.1% | 5.1% |
| Six-Figure Earners | 10.5% | 8.8% | 13.2% |
The median household income in Cleveland County is about 16% higher than in Oklahoma. Income has been growing slower in Cleveland County (3.4%/yr) than in Oklahoma (4.1%/yr).
About 10% of adults in Cleveland County earn six figures ($100,000 or more) a year, higher than the Oklahoma average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Cleveland County, Oklahoma grew by 45.4% from 2009 to 2023, reaching $74,438 in 2023. That's an average of about 3.4% per year.
Economic Inequality in Cleveland County | Gender Pay Gap | Gini Coefficient
| Metric | Cleveland County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.560 | 0.570 |
| Male Median Income | $64,926 | $59,197 | $67,746 |
| Female Median Income | $48,439 | $45,400 | $54,793 |
| Gender Pay Gap | 25.4% | 23.3% | 19.1% |
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 Cleveland County, it is 0.553, lower than Oklahoma's 0.560, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in Cleveland County, Oklahoma. Over a 35-year career, a 34% wage gap accumulates to roughly $577,045 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cleveland County, Oklahoma has widened from about 24% to 25% in 2023. In dollar terms, the gap has widened by $5,409 since 2009.
Employment
| Metric | Cleveland County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.8% | 5.2% |
| Working from Home | 10.0% | 8.5% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 7,529 people are unemployed in Cleveland County, Oklahoma.
The average commute time in Cleveland County is 21 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cleveland County, Oklahoma has fallen from 5.0% to 4.8% in 2023.
Conclusion
Considering all these factors, Cleveland County, Oklahoma has an overall wealth index grade of B, making it somewhat better than Oklahoma, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cleveland County, Oklahoma.
How Rich Is Cleveland County, Oklahoma?
Cleveland County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $74,438, about 16% higher than the Oklahoma average of $63,953.
What is the current median household income in Cleveland County, Oklahoma?
As of 2023, the median household income in Cleveland County, Oklahoma is $74,438.
What was the median household income in Cleveland County in 2023?
In 2023, the median household income in Cleveland County, Oklahoma was $74,438.
What was the median household income in Cleveland County in 2020?
In 2020, the median household income in Cleveland County, Oklahoma was $65,752.
What is the Gini coefficient in Cleveland County, Oklahoma?
The Gini coefficient in Cleveland County is 0.553. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cleveland County, Oklahoma?
Since 2009, the income gap between men and women in Cleveland County, Oklahoma has widened from about 24% to 25% in 2023. In dollar terms, the gap has widened by $5,409 since 2009.