Wealth Index
Wealthier than 86% 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 | Oklahoma County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,670 | $63,953 | $78,145 |
| Median Personal Income | $53,407 | $52,060 | $61,726 |
| Average income growth | 4.2% | 4.1% | 5.1% |
| Six-Figure Earners | 10.7% | 8.8% | 13.2% |
The median household income in Oklahoma County is about 3% higher than in Oklahoma. Income has been growing faster in Oklahoma County (4.2%/yr) than in Oklahoma (4.1%/yr).
About 11% of adults in Oklahoma 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 Oklahoma County, Oklahoma grew by 56.6% from 2009 to 2023, reaching $65,670 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Oklahoma County | Gender Pay Gap | Gini Coefficient
| Metric | Oklahoma County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.560 | 0.570 |
| Male Median Income | $59,661 | $59,197 | $67,746 |
| Female Median Income | $47,647 | $45,400 | $54,793 |
| Gender Pay Gap | 20.1% | 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 Oklahoma 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 25% more than women's income in Oklahoma County, Oklahoma. Over a 35-year career, a 25% wage gap accumulates to roughly $420,490 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Oklahoma County, Oklahoma has stayed about the same since 2009, at around 20%. In dollar terms, the gap has widened by $4,131 since 2009.
Employment
| Metric | Oklahoma County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.8% | 5.2% |
| Working from Home | 9.5% | 8.5% | 13.4% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 19,440 people are unemployed in Oklahoma County, Oklahoma.
The average commute time in Oklahoma County is 20 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oklahoma County, Oklahoma has fallen from 6.4% to 4.8% in 2023.
Conclusion
Considering all these factors, Oklahoma 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 Oklahoma County, Oklahoma.
How Wealthy Is Oklahoma County, Oklahoma?
Oklahoma 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 $65,670, about 3% higher than the Oklahoma average of $63,953.
What is the current median household income in Oklahoma County, Oklahoma?
As of 2023, the median household income in Oklahoma County, Oklahoma is $65,670.
What was the median household income in Oklahoma County in 2023?
In 2023, the median household income in Oklahoma County, Oklahoma was $65,670.
What was the median household income in Oklahoma County in 2020?
In 2020, the median household income in Oklahoma County, Oklahoma was $56,164.
What is the Gini coefficient in Oklahoma County, Oklahoma?
The Gini coefficient in Oklahoma 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 Oklahoma County, Oklahoma?
The income gap between men and women in Oklahoma County, Oklahoma has stayed about the same since 2009, at around 20%. In dollar terms, the gap has widened by $4,131 since 2009.