POPULATION & GEOGRAPHY
Oklahoma City has one of the fastest-growing populations in the country, currently ranked as the 22nd largest city in the U.S. and the 41st largest metropolitan area. The Oklahoma City metropolitan area is made up of 5,581 square miles, 621 square miles of which are directly attributed to OKC. This ranks the city as the third largest city in the U.S., geographically. The city’s population has grown by 14% since 2010, with the addition of over 172,000 residents.
Resident demographics are ever changing. In the most recent reports, Oklahoma City’s residents were:
13% Hispanic or Latino
10% Black or African
4% Indigenous American
6% of two or more races
Over one-third of residents receive a yearly income between $35,000 and $74,999, with a median household income of $57,370.
The city’s population is also younger than most. The average age is 35.6 years old, three years younger than the national average.
Over 38% of residents, 25 years or older, have received a college degree, along with nearly 30% more of whom have received other forms of higher education.
COST OF LIVING
Oklahoma City residents spend over 31 percent less than the national average on housing costs, coinciding with a total cost of living below most major metropolitan areas. Still, the metro of 1.6 million residents boasts all the amenities of other booming metros. Oklahoma City was one of only 14 cities in the U.S. to add more than 100,000 residents between 2010 and 2020 census.
Thinking of moving to Oklahoma City? Use our cost of living calculator.
The State of Oklahoma offers businesses a top corporate income tax rate of 4 percent, the second lowest rate in the country alongside Missouri, and one of only 11 states with top rates at or below 5 percent. Residents pay a top individual income tax rate of 4.75 percent, thanks to an across-the-board rate reduction of 0.25 percent in 2022. The state now ranks as the ninth lowest for marginal rates in states that levy an individual income tax.