Wealth Index
Among the top 5 wealthiest 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 | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,796 | $63,953 | $78,145 |
| Median Personal Income | $52,665 | $52,060 | $61,726 |
| Average income growth | 2.3% | 4.1% | 5.1% |
| Six-Figure Earners | 8.8% | 8.8% | 13.2% |
The median household income in Kingfisher County is about 12% higher than in Oklahoma. Income has been growing slower in Kingfisher County (2.3%/yr) than in Oklahoma (4.1%/yr).
About 9% of adults in Kingfisher County earn six figures ($100,000 or more) a year, about the same as the Oklahoma average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kingfisher County, Oklahoma grew by 47.6% from 2009 to 2023, reaching $71,796 in 2023. That's an average of about 2.3% per year.
Economic Inequality in Kingfisher County | Gender Pay Gap | Gini Coefficient
| Metric | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.560 | 0.570 |
| Male Median Income | $61,775 | $59,197 | $67,746 |
| Female Median Income | $40,981 | $45,400 | $54,793 |
| Gender Pay Gap | 33.7% | 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 Kingfisher County, it is 0.561, 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 51% more than women's income in Kingfisher County, Oklahoma. Over a 35-year career, a 51% wage gap accumulates to roughly $727,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kingfisher County, Oklahoma has widened from about 31% to 34% in 2023. In dollar terms, the gap has widened by $7,420 since 2009.
Employment
| Metric | Kingfisher County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 4.8% | 5.2% |
| Working from Home | 6.4% | 8.5% | 13.4% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 144 people are unemployed in Kingfisher County, Oklahoma.
The average commute time in Kingfisher County is 16 minutes, shorter than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kingfisher County, Oklahoma has fallen from 4.2% to 1.9% in 2023.
Conclusion
Considering all these factors, Kingfisher 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 Kingfisher County, Oklahoma.
How Rich Is Kingfisher County, Oklahoma?
Kingfisher 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 $71,796, about 12% higher than the Oklahoma average of $63,953.
What is the current median household income in Kingfisher County, Oklahoma?
As of 2023, the median household income in Kingfisher County, Oklahoma is $71,796.
What was the median household income in Kingfisher County in 2023?
In 2023, the median household income in Kingfisher County, Oklahoma was $71,796.
What was the median household income in Kingfisher County in 2020?
In 2020, the median household income in Kingfisher County, Oklahoma was $62,203.
What is the Gini coefficient in Kingfisher County, Oklahoma?
The Gini coefficient in Kingfisher County is 0.561. 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 Kingfisher County, Oklahoma?
Since 2009, the income gap between men and women in Kingfisher County, Oklahoma has widened from about 31% to 34% in 2023. In dollar terms, the gap has widened by $7,420 since 2009.