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Home » United States » What is the average household income in the state of Oklahoma?

What is the average household income in the state of Oklahoma?

December 14, 2021 by Sadie Daniel

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 21.9
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $52,919
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $28,422

Contents

What is average income for a single person in Oklahoma?

In 2020, the per capita personal income in Oklahoma was 49,878 U.S. dollars. Per capita personal income is calculated as the personal income of the residents of a given area divided by the resident population of the area.

What is the median income in Oklahoma 2021?

$52,919
Median Household Income by State 2021

State Median Household Income
North Carolina $54,602
Tennessee $53,320
South Carolina $53,199
Oklahoma $52,919

What is considered high income in Oklahoma?

Median Household Income: $52,919. Average Household Income: $72,695. Per Capita Income: $28,422. 4.3% of Households in Oklahoma are High Income Households that make over $200,000 a year.
Median Household Income in Oklahoma by Age of Householder.

Oklahoma
Householder 65 years and over $41,379

What is the poorest place in Oklahoma?

Arkoma, Oklahoma
Arkoma, Oklahoma
The small town of Arkoma is the poorest in Oklahoma, with a median annual household income of $26,352, barely half the state’s figure. More than one-third of the town’s population lives below the poverty line, one of the highest poverty rates not just in the state, but in any American town or city.

How much money do you need to live comfortably in Oklahoma?

According to the Massachusetts Institute of Technology’s (MIT) “Living Wage Calculator,” Oklahomans must make at least $7.98 an hour to cover basic living expenses. In Oklahoma County, a single adult must make at least $8.19 an hour to survive.

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What is upper class income in Oklahoma?

While ZipRecruiter is seeing salaries as high as $88,946 and as low as $17,974, the majority of salaries within the Upper Class jobs category currently range between $35,025 (25th percentile) to $60,372 (75th percentile) with top earners (90th percentile) making $73,737 annually in Oklahoma.

How much does the average person make in Oklahoma?

Hourly Rate Salary in Oklahoma

Annual Salary Hourly Wage
Top Earners $57,607 $28
75th Percentile $44,703 $21
Average $42,307 $20
25th Percentile $26,729 $13

What is middle class income in Oklahoma?

Popular Articles

State Middle-class income Median household income
Alabama $45,559 $51,734
Oklahoma $44,008 $54,449
Iowa $43,997 $61,691
Ohio $43,949 $58,642

What is the average household income?

The Census Bureau reported that U.S. median household income in 2019 was $68,703.

What is the minimum wage in Oklahoma?

$7.25 per hour
What is the minimum wage in Oklahoma in 2022? At this time, the Oklahoma minimum wage is $7.25 per hour, which is the same as the federal minimum wage rate.

What is the median salary in Oklahoma?

Table

Population
Mean travel time to work (minutes), workers age 16 years+, 2015-2019 21.9
Income & Poverty
Median household income (in 2019 dollars), 2015-2019 $52,919
Per capita income in past 12 months (in 2019 dollars), 2015-2019 $28,422

What is considered low income in the state of Oklahoma?

The federal poverty level, which takes into account family size, is $12,760 for a single individual and $26,200 for a family of four in 2020.

What is the richest town in Oklahoma?

Detailed List Of The Richest Cities In Oklahoma

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Rank City RichScore
1 Piedmont 1.67
2 Tuttle 2.33
3 Mustang 5.67
4 Bixby 6.0

What city in Oklahoma has the most millionaires?

This is the City in Oklahoma With the Most Billionaires

City with the most billionaires: Number of billionaires: Total billionaire net worth:
Ohio: Cleveland 3 $3.3 billion
Oklahoma: Oklahoma City 3 $23.2 billion
Oregon: Hillsboro 1 $51.6 billion
Pennsylvania: Philadelphia 3 $10.6 billion

Is Oklahoma rich or poor?

And Oklahoma wound up in the bottom 10 states when it comes to average income, health coverage and poverty, according to rankings compiled by 24/7 Wall Street. According to 24/7, Oklahoma ranks 42nd out of 50 overall, with a median household income at $49,176.

What is the cheapest town in Oklahoma to live in?

10 most affordable places to live in Oklahoma:

  • Blackwell, OK.
  • Perry, OK.
  • Seminole, OK.
  • Holdenville, OK.
  • Anadarko, OK.
  • Alva, OK.
  • Noble, OK.
  • Henryetta, OK.

How much is low income for a single person?

By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.

Why are homes in Oklahoma so cheap?

Matt Frankel, CFP and mortgage analyst for The Motley Fool, said the reason Oklahoma housing is cheap is due to a combination of factors, including a large amount of developable, flat land. “The real estate market is supply and demand, so that takes care of the supply.

What salary is considered middle class for a single person?

Range of household incomes needed to be considered middle class, by family size

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State Single Family of four
California $29,851 – $89,552 $59,702 – $179,105
Colorado $26,876 – $80,629 $53,752 – $161,257
Connecticut $28,364 – $85,091 $56,727 – $170,181
Delaware $26,146 – $78,437 $52,291 – $156,873

What is considered a high income for a single person?

For its purposes, the Pew Research Center considers a household to be upper class if its income is double the U.S. median household income. This means that, on average, a single person living alone needs to make just $78,281 to be considered upper class.

Filed Under: United States

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About Sadie Daniel

Sadie Daniel is an adventurer at heart. She loves to travel and explore new places. Her thirst for adventure has taken her all over the world, and she's always looking for her next big thrill. Sadie is also a lover of animals, and has been known to rescue stray cats and dogs in her neighborhood. She is a kind-hearted person who enjoys helping others, and she would do anything for her family and friends.

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