OKC MAPS Economic Impact - Full Report

OKC MAPS PROJECTS – 25 YEARS

Household Income Consistent with high overall levels of education, household incomes across the downtown study area are relatively high compared to the county, state, and nation in 2017. Median household income in the study area reached $59,605 in 2017, 17% above the county median of $50,762 and 20% above the statewide median of $49,767. The median income in the study area is also 3.4% above the U.S. median of $57,652 in 2017. Income distributions for households in each Census tract in the study area are detailed in Figure 26. Income measured using the average ($90,907) is far above the median for the study area ($59,605). This large gap indicates a significant concentration of very high earning households in the study area. Across all downtown tracts, 29% of households report income of$100,000 or more, while four tracts – 1027, 1036.02, 1037, 1040 – report no households with income above $100,000. Areas with an above-average share of households with income above $100,000 are found in two of the three northern tracts (1017-Heritage Hills, 62.6% and 1018-Mesta Park, 32.7%) and two of the southern tracts (1030-south OU Health Center, 30.4% and 1038-Bricktown and Deep Deuce, 39.1%). Like the median, the average income in these four tracts is above the study area average as well, reaching $198,958 in tract 1017 (Heritage Hills), $93,694 in tract 1018 (Mesta Park), $84,087 in tract 1030 (South OU Health Center), and $123,200 in tract 1038 (Bricktown and Deep Deuce). Tract 1036.01 (downtown including Myriad Gardens) also has a high average household income of $101,889 with high-earners concentrated in a relatively small share of households along with few low- earnings households. Four southern tracts - 1026, 1027, 1091, 1036.02 - have very low incomes across most households, with more than half of households earning $25,000 or less. There is significant income diversity in many of the tracts in the study area. Tracts 1018, 1030, and 1032 all have median income above the study area average but have a relatively high share of households with income both above $100,000 and below $25,000.

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