Wealth Index
Wealthier than 87% 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 | Grady County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,748 | $63,953 | $78,145 |
| Median Personal Income | $55,393 | $52,060 | $61,726 |
| Average income growth | 4.9% | 4.1% | 5.1% |
| Six-Figure Earners | 9.9% | 8.8% | 13.2% |
The median household income in Grady County is about 18% higher than in Oklahoma. Income has been growing faster in Grady County (4.9%/yr) than in Oklahoma (4.1%/yr).
About 10% of adults in Grady 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 Grady County, Oklahoma grew by 70.5% from 2009 to 2023, reaching $75,748 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Grady County | Gender Pay Gap | Gini Coefficient
| Metric | Grady County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.560 | 0.570 |
| Male Median Income | $65,214 | $59,197 | $67,746 |
| Female Median Income | $44,830 | $45,400 | $54,793 |
| Gender Pay Gap | 31.3% | 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 Grady County, it is 0.556, about the same as Oklahoma's 0.560, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 45% more than women's income in Grady County, Oklahoma. Over a 35-year career, a 45% wage gap accumulates to roughly $713,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grady County, Oklahoma has widened from about 28% to 31% in 2023. In dollar terms, the gap has widened by $8,991 since 2009.
Employment
| Metric | Grady County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.8% | 5.2% |
| Working from Home | 6.8% | 8.5% | 13.4% |
| Commute time (minutes) | 23 | 18 | 22 |
Approximately 1,383 people are unemployed in Grady County, Oklahoma.
The average commute time in Grady County is 23 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Grady County, Oklahoma has risen from 4.7% to 5.2% in 2023.
Conclusion
Considering all these factors, Grady County, Oklahoma has an overall wealth index grade of C, making it somewhat better than Oklahoma, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Grady County, Oklahoma.
How Rich Is Grady County, Oklahoma?
Grady County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $75,748, about 18% higher than the Oklahoma average of $63,953.
What is the current median household income in Grady County, Oklahoma?
As of 2023, the median household income in Grady County, Oklahoma is $75,748.
What was the median household income in Grady County in 2023?
In 2023, the median household income in Grady County, Oklahoma was $75,748.
What was the median household income in Grady County in 2020?
In 2020, the median household income in Grady County, Oklahoma was $63,110.
What is the Gini coefficient in Grady County, Oklahoma?
The Gini coefficient in Grady County is 0.556. 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 Grady County, Oklahoma?
Since 2009, the income gap between men and women in Grady County, Oklahoma has widened from about 28% to 31% in 2023. In dollar terms, the gap has widened by $8,991 since 2009.