Owasso, Oklahoma Income Statistics
Owasso Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Owasso Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,710 | $65,606 | $80,455 |
| Median Personal Income | $58,291 | $51,752 | $60,758 |
| Average Yearly Income Growth | 2.5% | 3.9% | 4.8% |
| Six-Figure Earners | 11.3% | 9.2% | 13.9% |
| $200k+ Households | 8.9% | 7.2% | 13.2% |
The median household income in Owasso is about 23% higher than in Oklahoma. Income has been growing slower in Owasso (2.5%/yr) than in Oklahoma (3.9%/yr).
About 11% of adults in Owasso earn six figures ($100,000 or more) a year, higher than the Oklahoma average of 9%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Owasso, Oklahoma grew by 33.4% from 2009 to 2024, reaching $80,710 in 2024. That's an average of about 2.5% per year.
Income Inequality and the Gender Pay Gap in Owasso
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.553 | 0.552 |
| Male Median Income | $67,859 | $60,162 | $69,667 |
| Female Median Income | $50,813 | $46,815 | $56,850 |
| Gender Pay Gap | 25.1% | 22.2% | 18.4% |
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 Owasso, it is 0.524, lower than Oklahoma's 0.553, so income is more evenly distributed here than there.
Men's income is about 34% more than women's income in Owasso, Oklahoma. Over a 35-year career, a 34% wage gap accumulates to roughly $596,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Owasso, Oklahoma has narrowed from about 35% to 25% in 2024. In dollar terms, the gap has narrowed by $2,481 since 2009.
Employment
| Metric | Owasso | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.9% | 5.2% |
| Working from Home | 13.4% | 9.4% | 15.0% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 821 people are unemployed in Owasso, Oklahoma.
The average commute time in Owasso is 20 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Owasso, Oklahoma has risen from 4.0% to 5.2% in 2024. Over that period the rate peaked at 5.8% in 2014 and fell as low as 3.5% in 2019.
Conclusion
Considering all these factors, Owasso, 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 Owasso, Oklahoma.
How Wealthy Is Owasso, Oklahoma?
Owasso 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 $80,710, about 23% higher than the Oklahoma average of $65,606.
Are incomes growing in Owasso, Oklahoma?
Between 2009 and 2024, the median household income in Owasso, Oklahoma rose 33%, from $60,505 to $80,710. Over the same years, income here lagged behind Oklahoma as a whole: +33% against +57%.
What was the median household income in Owasso in 2023?
In 2023, the median household income in Owasso, Oklahoma was $80,811, up 3% from $78,513 in 2022. The Oklahoma median that year was $63,960.
What was the median household income in Owasso in 2020?
In 2020, the median household income in Owasso, Oklahoma was $68,464. By 2024 it had risen 18% to $80,710.
What is the Gini coefficient in Owasso, Oklahoma?
The Gini coefficient in Owasso is 0.524. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Owasso, Oklahoma?
Since 2009, the income gap between men and women in Owasso, Oklahoma has narrowed from about 35% to 25% in 2024. In dollar terms, the gap has narrowed by $2,481 since 2009.
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