ECONOMIC INDICATORS
OKLAHOMA RANKED NO. 4 IN NATION FOR ECONOMIC OUTLOOK Oklahoma & Bordering State Economic Outlook Rank (2022)
STATE
OVERALL RANK
TOP MARGIN- AL CORPO- RATE INCOME TAX RATE 4.00% RANK: 7 2.64% RANK: 5 4.55% RANK: 9 7.00% RANK: 28
TOP MARGIN- AL PERSONAL INCOME TAX RATE 4.75% RANK: 15 0.00% RANK: 1 4.55% RANK: 14 5.70% RANK: 24 6.30% RANK: 29 5.90% RANK: 27
PROPERTY TAX BURDEN (PER $1,000 OF PERSONAL INCOME)
SALES TAX BURDEN (PER $1,000 OF PERSONAL IN- COME)
AVERAGE WORK- ERS’ COMPENSA- TION COSTS (PER $100 OF PAYROLL)
$17.41 RANK: 3 $40.10 RANK: 43 $30.55 RANK: 30 $31 .81 RANK: 33 $23.23 RANK: 12 $20.94 RANK: 9
$28.99 RANK: 38 $28.08 RANK: 37 $24.20 RANK: 28 $29.25 RANK: 39 $23.44 RANK: 25 $46.74 RANK: 49
$1 .66 RANK: 38 $0.98 RANK: 6 $1 .25 RANK: 18 $1 .12 RANK: 12 $1 .65 RANK: 37 $1 .34 RANK: 22
OKLAHOMA
4
TEXAS
11
COLORADO
22
KANSAS
28
4.58% RANK: 10 5.90% RANK: 17
MISSOURI
29
NEW MEXICO 38
SOURCE: ALEC-LAFFER STATE ECONOMIC COMPETITIVENESS INDEX, 2022. (1=BEST, 50=WORST).
• Oklahoma was ranked No. 4 in the nation for best economic outlook for 2022. • The Economic Outlook Ranking, analyzed by the American Legislative Exchange Council, is a forecast based on a state’s current standing in 15 state policy variables.
• Each of these factors is influenced directly by state lawmakers through the legislative process. • When ranked against bordering states (Texas, Colorado, Kansas, Missouri and New Mexico) Oklahoma ranks favorably in several select categories.
For comprehensive Economic Indicators and regional data, please visit your Greater Oklahoma City Chamber Economic Development Division at greateroklahomacity.com or contact Eric Long, Research Economist at 405-297-8976 or email him at elong@okcchamber.com. DID YOU KNOW? Get regional demographic data, consumer expenditure information, labor force data for the Greater Oklahoma City Region and more at greateroklahomacity.com.
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