Wealth Index
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 | Osage County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,649 | $63,953 | $78,145 |
| Median Personal Income | $53,372 | $52,060 | $61,726 |
| Average income growth | 3.9% | 4.1% | 5.1% |
| Six-Figure Earners | 8.4% | 8.8% | 13.2% |
The median household income in Osage County is about 5% lower than in Oklahoma. Income has been growing slower in Osage County (3.9%/yr) than in Oklahoma (4.1%/yr).
About 8% of adults in Osage 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 Osage County, Oklahoma grew by 44.7% from 2009 to 2023, reaching $60,649 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Osage County | Gender Pay Gap | Gini Coefficient
| Metric | Osage County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.560 | 0.570 |
| Male Median Income | $61,860 | $59,197 | $67,746 |
| Female Median Income | $44,487 | $45,400 | $54,793 |
| Gender Pay Gap | 28.1% | 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 Osage County, it is 0.568, higher than Oklahoma's 0.560, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 39% more than women's income in Osage County, Oklahoma. Over a 35-year career, a 39% wage gap accumulates to roughly $608,055 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Osage County, Oklahoma has widened from about 26% to 28% in 2023. In dollar terms, the gap has widened by $6,593 since 2009.
Employment
| Metric | Osage County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 7.1% | 8.5% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 1,091 people are unemployed in Osage County, Oklahoma.
The average commute time in Osage County is 21 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Osage County, Oklahoma has fallen from 6.6% to 5.4% in 2023.
Conclusion
Considering all these factors, Osage County, 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 Osage County, Oklahoma.
How Wealthy Is Osage County, Oklahoma?
Osage County 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 $60,649, about 5% lower than the Oklahoma average of $63,953.
What is the current median household income in Osage County, Oklahoma?
As of 2023, the median household income in Osage County, Oklahoma is $60,649.
What was the median household income in Osage County in 2023?
In 2023, the median household income in Osage County, Oklahoma was $60,649.
What was the median household income in Osage County in 2020?
In 2020, the median household income in Osage County, Oklahoma was $50,127.
What is the Gini coefficient in Osage County, Oklahoma?
The Gini coefficient in Osage County is 0.568. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Osage County, Oklahoma?
Since 2009, the income gap between men and women in Osage County, Oklahoma has widened from about 26% to 28% in 2023. In dollar terms, the gap has widened by $6,593 since 2009.