Wealth Index
Less wealthy than 91% 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 | Seminole County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,308 | $63,953 | $78,145 |
| Median Personal Income | $43,641 | $52,060 | $61,726 |
| Average income growth | 3.2% | 4.1% | 5.1% |
| Six-Figure Earners | 4.1% | 8.8% | 13.2% |
The median household income in Seminole County is about 28% lower than in Oklahoma. Income has been growing slower in Seminole County (3.2%/yr) than in Oklahoma (4.1%/yr).
About 4% of adults in Seminole County earn six figures ($100,000 or more) a year, lower than the Oklahoma average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Seminole County, Oklahoma grew by 46.2% from 2009 to 2023, reaching $46,308 in 2023. That's an average of about 3.2% per year.
Economic Inequality in Seminole County | Gender Pay Gap | Gini Coefficient
| Metric | Seminole County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.560 | 0.570 |
| Male Median Income | $47,864 | $59,197 | $67,746 |
| Female Median Income | $40,018 | $45,400 | $54,793 |
| Gender Pay Gap | 16.4% | 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 Seminole 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 20% more than women's income in Seminole County, Oklahoma. Over a 35-year career, a 20% wage gap accumulates to roughly $274,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Seminole County, Oklahoma has narrowed from about 35% to 16% in 2023. In dollar terms, the gap has narrowed by $5,626 since 2009.
Employment
| Metric | Seminole County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 4.8% | 5.2% |
| Working from Home | 5.5% | 8.5% | 13.4% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 660 people are unemployed in Seminole County, Oklahoma.
The average commute time in Seminole County is 20 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Seminole County, Oklahoma has fallen from 9.4% to 7.1% in 2023.
Conclusion
Considering all these factors, Seminole County, Oklahoma has an overall wealth index grade of D, making it somewhat worse than Oklahoma, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Seminole County, Oklahoma.
How Rich Is Seminole County, Oklahoma?
Seminole 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 $46,308, about 28% lower than the Oklahoma average of $63,953.
What is the current median household income in Seminole County, Oklahoma?
As of 2023, the median household income in Seminole County, Oklahoma is $46,308.
What was the median household income in Seminole County in 2023?
In 2023, the median household income in Seminole County, Oklahoma was $46,308.
What was the median household income in Seminole County in 2020?
In 2020, the median household income in Seminole County, Oklahoma was $38,481.
What is the Gini coefficient in Seminole County, Oklahoma?
The Gini coefficient in Seminole 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 Seminole County, Oklahoma?
Since 2009, the income gap between men and women in Seminole County, Oklahoma has narrowed from about 35% to 16% in 2023. In dollar terms, the gap has narrowed by $5,626 since 2009.