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Economic status
Annual cost-of-living index (2000)
U.S. average: 100.0
For Oklahoma City (with index weight for each component shown as percentage):
--Composite (100% composite index): 92.3
--Grocery items (16%): 94.1
--Housing (28%): 82.6
--Utilities (8%): 96.9
--Transportation (10%): 96.4
--Health care (5%): 96.6
--Miscellaneous goods and services (33%): 96.7
Taxes for Oklahoma
Maximum personal income tax: 7%
Sales tax: 4.5%
Per capita taxes: $3,001
Per capita tax rate: 13.2%
Average tax burden (for a family of four with a $50,000 annual income)
U.S. city average: $4,305 (or 8.6% of annual income)
Oklahoma City, Okla.: $4,038 (or 8.1% of annual income)
Wichita, Kan.: $3,805 (or 7.6% of annual income)
Residential property-tax rate for 1996 (nominal tax rate per $100 -- the announced rate levied at taxable value of each house):
10.00 (for Oklahoma City)
11.47 (for Wichita, Kan.)
6.33 (for Kansas City, Mo.)
7.42 (unweighted average)
Business:
Unemployment -- July 2000 (for Oklahoma City): 2.4%
Unemployment -- July 2000 (Oklahoma): 3.0%
Civilians employed: 544,400
Civilians unemployed: 13,200
Municipal bond rating in 1997 (Standard & Poors): "AA"
Municipal bond rating in 1999 (Moody's): "Aa2"
Projected job growth, by state (projected employment change: 1988 through 2020) (as of 1994):
12.5% (for Oklahoma) (No. 32 highest projected job growth among 50 U.S. states)
Projected income growth, by state (projected per-capita income change: 1988 through 2020) (as of 1994):
43.6% (for Oklahoma) (No. 1 highest projected income growth among 50 U.S. states)
Oklahoma is home to one Fortune 500 company:
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