ECONOMIC INDICATORS
OKLAHOMA RANKS NO. 5 FOR ECONOMIC OUTLOOK Oklahoma & Bordering State Economic Outlook Rank
PROPERTY TAX BURDEN (PER $1,000 OF PERSONAL INCOME)
SALES TAX BURDEN (PER
TOP MARGIN- AL CORPO- RATE INCOME TAX RATE
TOP MARGIN- AL PERSONAL INCOME TAX RATE
AVERAGE WORKERS’ COMPENSATION COSTS (PER $100 OF PAYROLL)
OVERALL RANK
STATE
$1,000 OF PERSONAL INCOME) $27.78 RANK: 39 $26.90 RANK: 36 $23.66 RANK: 29 $27.63 RANK: 38 $22.88 RANK: 26 $47.25 RANK: 49
4.00% RANK: 7 2.60% RANK: 5 4.55% RANK: 9 7.00% RANK: 28 4.58% RANK: 10 5.90% RANK: 19
4.75% RANK: 15 0.00% RANK: 1 4.40% RANK: 14 5.70% RANK: 22 5.95% RANK: 27 5.90% RANK: 26
$17.73 RANK: 4 $40.48 RANK: 43 $30.64 RANK: 31 $31 .35 RANK: 33 $21 .91 RANK: 11 $19.79 RANK: 8
$1 .41 RANK: 34 $0.88 RANK: 9 $0.93 RANK: 10 $1 .02 RANK: 16 $1 .54 RANK: 38 $1 .27 RANK: 24
5
OKLAHOMA
13
TEXAS
25
COLORADO
30
KANSAS
31
MISSOURI
NEW MEX- ICO
38
SOURCE: ALEC-LAFFER STATE ECONOMIC COMPETITIVENESS INDEX, 2023. (1=BEST, 50=WORST).
• Oklahoma ranked No. 5 in the nation for best economic outlook. • The Economic Outlook Ranking, analyzed by the American Legislative Exchange Council (Rich States, Poor States), is a forecast based on a states’ 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, Colo., Kan., Mo., and N.M.) Oklahoma ranks favorably in several select categories.
For comprehensive Economic Indicator and Regional Data, please visit your Greater Oklahoma City Chamber Economic Development Division at www.greateroklahomacity.com/economicindicators or contact Eric Long, Research Economist, at 405-297-8976; 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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