OKLAHOMA CITY GREATER
AT A GLANCE
123 Park Avenue | Oklahoma City, OK 73102 | 405.297.8900 | www.greateroklahomacity.com
TABLE OF CONTENTS Location..................................... 4 Climate........................................ 7 Population................................. 8 Transportation....................... 10 Housing.....................................13
Economy...................................14 Education..................................18 Income......................................22 Labor Analysis.......................23 Commercial Real Estate.....25
Tax Rates..................................26 Utilities......................................27 Incentives.................................28 Local Services........................32
Best Large Cities to Start a Business.
-WalletHub, 2017, 2018 & 2019
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GREATER OKLAHOMA CITY:
With the second-lowest cost of living of any major metropolitan area balanced with high wages and one of the best places to start a business for the third year in a row, the Greater Oklahoma City area remains one of the best places to live, work and play. The list of reasons you should build your business in our region is growing – almost as quickly as the list of reasons why people love living here. In Greater Oklahoma City, we understand that partnership among business, government and civic leaders
is integral to our success. Our low costs, diverse economy and business-friendly environment have kept the economic doldrums at bay, and provided value, stability and profitability to our companies – and now we’re poised to do even more. Let us introduce you to the thriving 10-county region that is Greater Oklahoma City: a region that has rediscovered its strengths – and redefined itself for the future.
“ TOP 10 CITIES WITH THE YOUNGEST ENTREPRENUERS. - LENDING TREE
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LOCATION
The Oklahoma City Metropolitan Statistical Area (MSA) includes seven counties: Oklahoma, Canadian, Cleveland, Grady, Lincoln, Logan, and McClain. Oklahoma City is the 25th-largest city and 41st-largest metropolitan area in the United States. The Greater Oklahoma City Partnership region extends to include three additional counties — Kingfisher, Payne and Pottawatomie —to provide a broad economic development area.
CITY OF OKLAHOMA CITY AREA: 621 square miles - the third largest geographic area for a city in the nation.
1,500 miles
1,000 miles
OKLAHOMA CITY MSA: 5,581 square miles
THE GREATER OKLAHOMA CITY REGION: 7,978 square miles OKLAHOMA CITY ELEVATION: 1,285 feet above sea level
500 miles
POPULATION BY RADIUS:
500 miles- 55,226,460 1,000 miles- 178,159,849 1,500 miles- 319,684,689
Source: U.S. Census Bureau, City of OKC
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THE GREATER OKLAHOMA CITY REGION E GREATER OKLAHOMA CITY GION
Stillwater
Yale
Hennessey
PAYNE
Cushing
Perkins
Crescent
KINGFISHER
LOGAN
Langston
Guthrie
Kingfisher
§¨¦ 35
Chandler
§¨¦ 44
Edmond
Luther
LINCOLN
Kilpatrick Turnpike
CANADIAN OKLAHOMA Jones
El Reno
§¨¦ 40
Spencer
Yukon
Choctaw
§¨¦ 235
Harrah
Prague
Midwest City
Oklahoma City
McLoud
Tinker AFB
Mustang
Union City
§¨¦ 240
Will Rogers World Airport
§¨¦ 40
Moore
CLEVELAND
Shawnee
Minco
Bethel Acres
Tuttle
Tecumseh
Pink
Newcastle
Norman
Lake Thunderbird
§¨¦ 44
Noble
Goldsby
§¨¦ 35
Slaughterville
Chickasha
GRADY
Lexington
Ninnekah
MCCLAIN
<5,000 5,000 - 10,000 >10,000 POPULATION LEGEND <5,000 5,000 - 10,000 11,000 - 20, POPULATION LEGEND
Rush Springs
21,000 - 5 ,000 51,000 - 100,000 >100,000
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REGIONAL COMMUTER PATTERNS This map shows the 10-county Partnership region and the commuting pattern between each county. The number listed in the county is the percentage of residents who stay in their home county to work. The lines
between counties show the percentage of residents who travel to other counties to work. For the purpose of clarity, only commuter flows of 5% and above are pictured below.
PAYNE 76%
KINGFISHER 58%
LOGAN 23%
16%
11%
26%
63%
7%
LINCOLN 33%
CANADIAN 24%
OKLAHOMA 86%
34%
66%
5%
6%
13%
7%
6%
31%
38%
53%
POTTAWATOMIE 54%
42%
CLEVELAND 40%
10%
7%
GRADY 37%
24%
MCCLAIN 25%
SOURCE: LEHD, 2017
From
To
Canadian Cleveland Grady
Kingfisher Lincoln Logan McClain Oklahoma Payne Pottawatomie Outside of region
Canadian Cleveland
13,316 3,305
480
464 124
115 271 337 36,466 337 148 229 2,069 53,867 718
463
6,714
2,268 40,590 518 1,034 1,699 6,435
1,407
13,062
Grady
94
44
81 969
6,689 140
204
4,347 1,798 2,248 2,567 2,726
Kingfisher
347 193 420 367
164 504 719
53 69 48
2,950
11 120 27
1,320
88
41
Lincoln Logan McClain
43
3,274 78
42
3,369 1,082 1,328
185
76 3,604 69
10,056 598
149 152
3,011
391
54
29
43 3,095 5,235
81
Oklahoma
9,440 19,916 974
629
652 2,136 1,262 246,786 2,332 2,380
34,279
Payne
316 418
744
53 73
91 53
325 239 71 494 71 164 1,529 1,222 2,530
3,719 18,046 6,923 377 64,205 10,555
278
8,820 4,731
Pottawatomie
1,598
11,976
Outside of Region
5,800
12,645
3,081
1,865
5,064
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CLIMATE The average annual temperature is 61° F (high 72°, low 51°) with an average rainfall of 37.6 inches and average snowfall of 7.6 inches per year. The average number of flying days is 350 per year – the same number of days you’ll see the sun shining in Oklahoma City.
AVERAGE LOW - HIGH
Jan.........29° - 50° Feb........33° - 55° Mar.........41° - 63° April......50° - 72° May........60° - 80° June......68° - 88°
July........72° - 94° Aug........71° - 93° Sep........63° - 85° Oct.........52° - 73° Nov........40° - 62° Dec........31° - 51°
WEATHER ANNUAL AVERAGES
Clear / partly cloudy days................... 235 Rainy days*................................................. 82 Precipitation.............................. 37.6 inches Snowfall..........................................7.6 inches Wind speed..................................... 11.4 mph
SOURCE: NOAA, COMPARATIVE CLIMATE DATA, 30 YEAR AVERAGE * ANY PRECIPITATION EXCEEDING 0.01 INCHES
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REGIONAL COMMUNITY POPULATION
City
2019 Population
Percent Growth 2010-2019
Bethany
20,443 16,075 12,433 93,840 17,739 10,721 58,506 62,736 19,393 125,369 671,100 30,982 50,032 10,793 25,027
7.44% 0.24% 11.55% 15.28% 5.91% 5.20% 7.61% 13.89% 11.49% 13.02% 15.69% 3.77% 9.51% 7.47% 10.20%
Chickasha Choctaw Edmond El Reno
Guthrie
Midwest City
Moore
Mustang Norman
Oklahoma City
Shawnee Stillwater Warr Acres
Yukon
Source: ESRI BUSINESS ANALYST, 2019 (populations over 10,000)
Oklahoma City is the most populous city in the state of Oklahoma. From 2010 to 2019, Oklahoma City’s metro population grew by nearly 13% and has experienced a 1.37% average annual growth rate. In 2019, the Oklahoma City MSA population was estimated to be 1,420,798 while the city of Oklahoma City’s population was 671,100. Between 2010 and 2015, the Oklahoma City MSA was the 10th-fastest-growing large metro (over 1 million population) in the country and has grown nearly twice as fast as the nation. POPULATION
2019 POPULATION BY ETHNIC GROUP & RACE % White % Black
% American Indian % Asian % Hispanic Origin***
Oklahoma City
60% 61% 69% 70% 69% 70%
15% 16% 11% 10%
4% 3% 4% 5% 9%
5% 4% 4% 3% 2% 6%
21% 18% 14% 13% 11% 19%
Oklahoma County, OK
OKC MSA*
Greater OKC**
Oklahoma
8%
USA
13%
1%
*OKC MSA includes the 7-county metro: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan and McClain counties **Greater OKC includes the 10-county region: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan, McClain, Payne, Pottawatomie, & Kingfisher counties ***Persons of Hispanic Origin may be of any race, which may cause area total to not equal 100% Source: Esri Business Analyst, 2019; U.S. Census
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SINCE 2010, THE OKC POPULATION HAS GROWN TWICE AS FAST AS THE NATION.
Population Totals
Population Annual Growth Rates
2010 Total Population (U.S. Census)
2019 Total Population (Esri)
2024 Total Population (Esri)
2010-2019 Population: Annual Growth Rate (Esri)
2019-2024 Population: Annual Growth Rate (Esri)
Oklahoma City
579,999 718,633 1,252,987 1,414,813 3,751,351
671,100 804,431 1,420,798 1,593,199 4,031,351
715,063 846,431
1.59% 1.23% 1.37% 1.29% 0.78% 0.80%
1.28% 1.03% 1.17% 1.11% 0.61% 0.77%
Oklahoma County
OKC MSA*
1,506,137 1,683,440 4,157,210
Greater OKC**
Oklahoma
USA
308,745,538 330,088,686 343,954,683
Source: Esri Business Analyst, 2019; U.S. Census
REGIONAL COUNTY POPULATION
Population % Growth
Population Annual Growth Rates
Population Totals
2000-2010 Population Annual Compound Growth Rate (U.S. Census)
2019-2024 Population: Annual Growth Rate (Esri)
2010 Total Population (U.S. Census)
2019 Total Population (Esri)
2024 Total Population (Esri) 156,633 311,232 59,028 16,529 37,294 49,995 45,126 846,829 86,424
Population % Growth (2010-2019)
2010-2019 Population: Annual Growth Rate (Esri)
Region
Canadian County Cleveland County
115,541
142,432
23.27% 2.80%
2.29% 1.44% 0.89% 0.74% 0.67% 1.31% 2.01% 1.23% 0.82%
1.92% 1.29% 0.74% 0.54% 0.46% 1.16% 1.70% 1.03% 0.71%
255,755 291,931
14.14% 8.51% 7.04% 6.35% 12.76% 20.18%
2.09% 1.42% 0.77% 0.66% 2.12% 2.21%
Grady County
52,431 15,034 34,273 41,848 34,506
56,894 16,092 36,451 47,188
Kingfisher County Lincoln County Logan County McClain County
41,471
Oklahoma County 718,633 804,431
11.94% 0.85%
Payne County Pottawatomie County
77,350 83,423
7.85%
1.27%
69,442
72,886
74,350
4.96%
0.58%
0.52%
0.40%
*OKC MSA includes the 7-county metro: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan and McClain counties **Greater OKC includes the 10-county region: Oklahoma, Cleveland, Canadian, Grady, Lincoln, Logan, McClain, Payne, Pottawatomie, & Kingfisher counties
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TRANSPORTATION Oklahoma City is as easy to reach as it is to navigate, with commute times averaging about 20 minutes or less with minimal congestion. MAJOR HIGHWAYS SERVING AREA:
Interstate 35..........................................North and South Interstate 40.............................................. East and West Interstate 44...............................................Northeast and Southwest Interstate 235................................Connects I-35 & I-40 & U.S. 77 HIGHWAYS The Greater Oklahoma City area has more than 2,400 miles of highways and interstates. The highest concentration being 384 miles of roadway in Oklahoma County where the crossroads of I-35, I-40 and I-44 meet in Oklahoma City. Freight carriers and truck transportation run efficiently on the 646 miles of interstates in the region and minimal congestion.
Interstate 240.................................. Interconnects I-40, I-44 & I-35 U.S. 62................................................ East and Southeast U.S. 77 (Broadway Extension) .............North and South U.S. 270.................................Southeast and Northwest U.S. 277................................................................ Southwest work on multiple turnpikes in the Oklahoma City and Tulsa areas. For the Oklahoma City area, an Eastern Oklahoma County Corridor will be created with 21 miles of new turnpike to connect I-44 to I-40, and the Southwest Kilpatrick Extension will create 7 miles of new roads to connect I-40 to State Highway 152/Airport Road. Airport Road runs just north of Will Rogers World Airport, giving another route to the airport with the Southwest Kilpatrick Extension. 7.5 Miles of the HE Bailey Turnpike near Newcastle widened lanes and enhanced safety have already been completed, and Driving Forward hopes that all projects will be complete in 2021. For more information on the Driving Forward project visit DrivingForwardOK.com . AIR Will Rogers World Airport is the Greater Oklahoma City region’s major commercial airport. In early 2020, the airport has seven airlines, 30 nonstop flights, and about 85 total daily departures. The airport is located a short drive from downtown Oklahoma City with easy access to three major interstates.
Starting in the third quarter of 2016, the $892-million Driving Forward project began
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Will Rogers World Airport sits on more than 8,000 acres of land and provides a wide array of development opportunities. The airport operates on three runways, two 9,800-ft parallel to one another and one 7,800-ft crosswind runway, allowing the airport to accommodate any size aircraft. Will Rogers World Airport recently began an expansion of the airport, adding four new gates, a consolidated security screening area, greeting lobbies and an observational mezzanine. This expansion is scheduled to be completed by April 2021. In addition to Will Rogers World Airport, Stillwater Regional Airport (SWO) offers daily jet service to Dallas Fort/Worth (DFW). With just one connection you can travel to more than 200 domestic and 40 international destinations. The Oklahoma City metro has two reliever airports, Wiley Post Airport and Max Westheimer Airport. Wiley Post Airport is located in Northwest Oklahoma City providing mostly
business aviation. Max Westheimer Airport in Norman, owned by the University of Oklahoma, is mostly used for general aviation. Greater Oklahoma City also boasts several other general aviation airports including Oklahoma City’s Clarence E. Page Airport and the Shawnee Regional Airport. TRAIN Amtrak service is provided via the Heartland Flyer, with service to Fort Worth, Texas. The train departs from the historic Santa Fe Depot at the front door of Bricktown - Oklahoma City’s entertainment district. The Heartland Flyer now offers a bike service for those looking to explore Fort Worth car- free. Two Class I lines provide most of the rail transportation in the Greater Oklahoma City region: Union Pacific and BNSF Railway. These lines have more than 4,000 miles of track and connect Oklahoma communities with other U.S. cities, markets and ports.
DISTANCE AND DELIVERY TIME FROM OKLAHOMA CITY TO MAJOR U.S. CITIES Major Cities Distance (Miles) Delivery (Days) Highway Rail Motor Carrier Rail Atlanta 868 1,006 2 4 Chicago 896 846 2 3 Dallas 200 388 1 7-8 hours Denver 630 792 2 2 Detroit 1,086 1,230 2 4 Houston 437 638 1 1.5 Kansas City 339 379 1 1 Los Angeles 1,367 1,489 2 6 Memphis 474 583 1 2 New Orleans 718 1,000 2 3 New York 1,548 1,592 3 7 St. Louis 462 539 1 1 Seattle 2,021 2,360 3 5
Same Day: Dallas, Houston, Chicago, Denver, Memphis Overnight: Los Angeles, New York, Atlanta, Detroit
SOURCES: UPS, FEDEX, CON-WAY FREIGHT
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NON-STOP AIR SERVICE
Seattle
Philadelphia
New York/Newark
Salt Lake City
Chicago O’Hare
Baltimore
San Francisco
Washington D.C. Dulles
Las Vegas
Denver
Washington D.C.
Los Angeles
St. Louis
Charlotte
Nashville
OKC
Phoenix
Atlanta
Dallas/ Ft. Worth
Houston Hobby
Destin
Houston Inter.
Orlando Sanford
San Antonio
Orlando
Miami
NON-STOP SERVICE Atlanta.......................................................................Delta Baltimore....................................................... Southwest Charlotte Douglas .................................................. American Chicago Midway.......................................... Southwest Chicago O’Hare..............................American, United Dallas/Ft. Worth............................................ American Denver........................... Southwest, United, Frontier Destin................................................................Allegiant* Detroit........................................................................Delta Houston/Hobby.......................................... Southwest Houston/Intercontinental................................ United Las Vegas................................... Allegiant, Southwest Los Angeles.............................. Allegiant*, American Miami................................................................. American
Minneapolis..............................................................Delta Nashville........................................................Southwest* New York/Newark...............................................United Orlando........................................ Frontier, Southwest* Orlando Sanford............................................ Allegiant* Philadelphia......................................................American Phoenix......................................Southwest, American Salt Lake City..........................................................Delta San Antonio......................................................Frontier* San Francisco....................................................... United Seattle..................................................................... Alaska St. Louis.......................................................... Southwest Washington D.C. Dulles.................................... United Washington Reagan.................................. Southwest All flights are subject to change without notice. * Seasonal Service
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This vibrant, active city is even more livable because of its affordability. Unlike many metropolitan areas today, you can afford to live comfortably in a quality home, while still enjoying the area’s arts, entertainment and recreational opportunities. Explore the neighborhoods layered with personality, colorful art enclaves and plenty of clean, green spaces. Learn more about housing in Oklahoma City at abetterlifeokc.com/housing . HOUSING: MOVING TO OKLAHOMA CITY
“ Oklahoma City Ranks No. 2 for Best Cities for First Time Homebuyers. - SmartAsset
The Council for Community and Economic Research (C2ER) Cost of Living Index shows that Oklahoma City is 31.2 percent below the national average* in terms of housing costs.
NEW HOME AVERAGE SALES PRICE •$241,727 for 2,400 sq. ft. new-build home AVERAGE RENTAL RATE •$850 per month for 2-bed, 2-bath, 950 sq. ft., unfurnished apartment
AVERAGE HOME SALES PRICE •$208,859 (new construction and resale) SOURCE: *C2ER COST OF LIVING INDEX, 2019 ANNUAL AVERAGE; (NATIONAL AVERAGE FOR APPROXIMATELY 270 URBAN AREAS); OKLAHOMA CITY METROPOLITAN ASSOCIATION OF REALTORS, AVG HOME SALES FOR 2019.
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ECONOMY MAJOR INDUSTRIES:
• Bioscience: Oklahoma City’s Bioscience presence is generating national and international attention. The sector employs more than 51,000 statewide. Companies within this industry are dedicated to providing Bioscience goods and services, as well as education and research testing. • Energy: Oklahoma City is the Energy capital of the state. Energy accounts for approximately 3% of metro employment but more than
The economy of the Greater Oklahoma City region is diverse. While federal, state and local government are the largest employers and the oil and natural gas sector generates the largest revenues, the area’s major private-sector economic contributors include:
• Aviation & Aerospace: With the largest concentration of aviation and aerospace firms in the state, the Greater Oklahoma City region’s 236 firms employ 36,600 workers – and growing. Nearly 65% of the workforce at Tinker Air Force Base - the largest single-site employer in the state – consists of civilian contractors and service providers.
8% of total compensation. The sector draws its strength from several Energy companies with headquarters in the city.
TOTAL EMPLOYMENT BY SECTOR- GREATER OKC REGION
19,000
35,000
80,000
133,000
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#1 EASIEST PLACE IN
NORTH AMERICA TO DO BUSINESS - ASU CENTER FOR THE STUDY OF ECONOMIC LIBERTY
BIOSCIENCE IN OKC The biosciences are big business in
• Wholesale and Retail Trade: Oklahoma City’s central location and accessibility has made it a vital crossroads for commerce. The convergence of I-35, a major north- south interstate, and I-40 and I-44, major east-west interstates, and numerous U.S. and State Highways position Oklahoma City as a major wholesale and retail trade center. For the year 2019, the Oklahoma City MSA had estimated total taxable retail sales of $24.2 billion. • International: The Greater OKC metro area boasts a substantial international presence, with 36 countries represented by foreign- based subsidiaries in the region. More than 40,000 are employed by these companies, which provide a broad range of products and services. AEROSPACE IN OKC The aerospace industry employs more than 36,600 workers in the Greater Oklahoma City region. Read our study on the industry at www.greateroklahomacity.com/industries/ aviation-and-aerospace .
Oklahoma City as the industry employs at least 51,000 statewide. Read more about the industry at www.greateroklahomacity.com/ biotech .
• Health Care: As one of the nation’s major centers of healthcare delivery, the Oklahoma City region employs more than 80,000 health care sector
workers. Our 36 general medical and surgical hospitals and 9 specialized hospitals combine to offer outstanding healthcare. • Manufacturing: This broad category includes metals and machinery; building materials; food products; and medical devices and equipment. With more than 35,000 employed, the manufacturing sector represents approximately 5% of the Greater Oklahoma City’s total nonagricultural labor force. • Professional, Business & Financial Services: Similar to the healthcare sector, the Greater Oklahoma City region provides business and financial services to a market that extends beyond state boundaries. This sector makes up 19% of the metro’s total workforce with more than 133,000 employees.
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COST OF DOING BUSINESS - SELECT METRO COMPARISON
Metro
Cost of Doing Business Unit Labor Cost Energy Cost
State & Local Tax Office Rent
Index
Rank
Index Rank Index Rank Index Rank Index Rank
Oklahoma City, OK 86
3
105 27 75 1 64 5
62 T-6 62 T-6 51 1 62 T-6 87 34
Kansas City, MO Nashville, TN Indianapolis, IN San Antonio, TX
93 82 88 88
14
114 46 91 15 77 100 14 93 16 66
14
1
8
T-6 T-6
96 92
6 3
102 24 96
34
86 9
63
3
Source: Moody’s North American Business Cost Review; Metros over 1 million population, 2018
Using the C2ER Cost of Living Calculator, if you make $65,000 per year in Seattle, you can have the same standard of living in OKC for 45% less. To maintain your standard of living, you would need to make $35,000.
COST OF LIVING INDEX
City
Composite Index
Grocery Items Index
Housing Index
Utilities Index
Transportation Index
Health Care Index
Misc. Goods & Services Index
Memphis, TN
80.4
88.7
68.2
87.2
85.9
78.1
83.5
Oklahoma City, OK 85.7 93.1
68.8 95.3 86.1
94.9 87.1 90.5 107.0
92
San Antonio, TX Indianapolis, IN
89.1 92.1
87.8 93.8
81.3 77.5
87.7
89
96.4 97.8
105.5 97.7
Atlanta, GA
102.4 102.7 110.8 120.0 149.5 150.1 156.7 196.6 237.4
103.1 111.6
102.4 85.2
103.4
105.9
Pittsburgh, PA Denver, CO Chicago, IL Arlington, VA Boston, MA
104.5 116.2 113.8
93.0
92.6
98.0
137.8 80.6 154.0 92.4 250.1 97.2
100.8 125.6 108.2
103.6 100.0
106.5 109.3 113.2 129.1 136.0 133.2 136.2
101.6 124.2 109.0 128.8 130.9 139.7
91.2
226.1 120.6 111.8 225.0 108.1 137.6 364.8 123.2 145.0 514.0 120.6 128.6
118.2 128.6 129.5 110.5
Seattle, WA
San Francisco, CA Manhattan NYC
100 = average of reporting communities SOURCE: C2ER COST OF LIVING INDEX, Annual Average 2019
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LEADING EMPLOYERS: The following table shows the major employers in the Oklahoma City metropolitan area.
COMPANY
PRODUCT/SERVICE
EMPLOYEES
State of Oklahoma Tinker Air Force Base
Government
47,300 24,000 12,700 9,000
Military
University of Oklahoma - Norman
Higher Education
INTEGRIS Health*
Health Care
University of Oklahoma Health Sciences Center Higher Education
7,500 7,000 5,500 5,100 5,000 4,800 3,400 3,300 3,200 3,000 3,000 2,950 2,700 2,500 2,500 2,460 2,300 2,100 2,000 1,800 1,700 1,700 1,600 1,600 1,500 1,400 1,400 1,300 1,200 1,100 1,100 1,080 1,060 1,000 1,000
FAA Mike Monroney Aeronautical Center
Aerospace Health Care
Mercy Hospital*
Hobby Lobby Stores Inc*
Wholesale & Retail
Amazon
Distribution Government
City of Oklahoma City OGE Energy Corp* OU Medical Center The Boeing Company
Utility
Health Care Aerospace Health Care
SSM Health Care of Oklahoma, Inc. University of Central Oklahoma
Higher Education
Norman Regional Hospital
Health Care
AT&T
Telecommunications
Paycom*
Technology
Devon Energy Corp*
Oil & Gas
Sonic Corp*
Wholesale & Retail
Dell
Sales & Business Services
Oklahoma City Community College
Higher Education
Midfirst Bank*
Finance
UPS
Transportation
BancFirst*
Finance
Hertz Corporation
Rental Services
Chesapeake Energy Corp*
Oil & Gas Oil & Gas
Enable Midstream*
Love’s Travel Stops & Country Stores*
Retail
American Fidelity* Cox Communications
Finance/Insurance Telecommunications Beverage Distribution
Great Plains Coca-Cola Bottling Company
Johnson Controls
Manufacturing
Farmers Insurance Group
Customer Service
Bank of Oklahoma
Finance Oil & Gas
Continental Resources*
Dolese Bros. Co.*
Manufacturing
INTEGRIS-Deaconess Hospital*
Health Care
Rose State College
Higher Education
Does not account for COVID-19 layoffs; subject to revision *Indicates headquarters in the MSA; employee counts subject to change Numbers may include all branches and not just a single location SOURCE: THE GREATER OKLAHOMA CITY CHAMBER
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EDUCATION
K-12 EDUCATION: The Greater Oklahoma City Region offers a variety of choices in K-12 Education. Our 10-county area enrolls more than 293,700 students in the public school system. Harding Charter Prep High School, Classen School of Advanced Studies, Dove Science Academy, Edmond North High School and the Oklahoma School of Science and Math (OSSM) are regularly recognized on the U.S. News & World Report’s Best High Schools in the Nation list. A total of 55 schools in our region have been recognized as National Blue Ribbon Schools. Our region gives parents diverse educational options with 34 public charter schools and 30 private and parochial schools recognized by the Oklahoma Private School Accreditation Commission. WORKING TOGETHER Civic, business and education leaders developed a blueprint that has forever changed the area’s largest school district, Oklahoma City Public Schools. MAPS for Kids was a comprehensive education reform plan that raised $700 million for Oklahoma City Public Schools and surrounding school districts. In addition to building seven schools and renovating 65 others, the comprehensive plan implemented strategic academic reforms; improved student achievement; restored classroom discipline; and increased accountability with students, parents and the community.
EDUCATIONAL ATTAINMENT (POPULATION 25 YEARS AND OVER)
Less than High School Graduate..... 11.1% High School/Technical School....... 27.2% Some College........................................24.1% College Graduate or Higher............ 37.6%
SOURCE: CENSUS, 2014-2018 AMERICAN COMMUNITY SURVEY (1 YEAR ESTIMATE); OKC MSA
“CLASSEN SCHOOL OF ADVANCED STUDIES HIGH RANKS IN THE TOP 100 IN THE NATION.” - U.S. NEWS & WORLD REPORT
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TOP 20 DEGREE COMPLETIONS IN THE GREATER OKLAHOMA CITY REGION
Protective Services 492
Liberal Studies 2,025
Health Professionals 2,963
Education 1,455
Parks, Recreation & Leisure 369
Engineering 1,960
Computer & Information Science 687
Multi/ Interdisciplinary Studies 933
Public Admin 358
Agriculture & Related Sciences 627
Biological & Biomedical Sciences 952
Psychology 918
Communication & Journalism 830
Engineering Technologies 296
Law 518
Family & Consumer Science 548
Physical Sciences 390
Business 4,630
Social Sciences 935
Graduates 296
Visual & Performing
4,630+
Arts 999
SOURCE: OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION, 2018-2019
HIGHER EDUCATION In the Greater Oklahoma City area,
technology center districts operating on: 58 campuses, 395 comprehensive school districts, 16 skill centers and three juvenile facilities. Not only do these centers provide training to high school and post-secondary students, they also provide invaluable training services to a variety of businesses in a number of different skill areas. The Greater Oklahoma City Career Technology Centers of Excellence Compact delivered over 275,000 training hours to more than 1,500 companies last year.
there are 15 public and private colleges and universities, including two research universities, Oklahoma State University and the University of Oklahoma. These institutions of higher learning provide thousands of undergraduate and graduate degree opportunities to over 135,000 students. Oklahoma also has a nationally acclaimed Career and Technology system, offering programs and services in 29
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AREA COLLEGES & UNIVERSITIES
2018-2019
Enrollment
University of Oklahoma OU Health Sciences Center
31,237
State, four-year State, four-year State, four-year State, four-year State, two-year State, four-year State, two-year State, four-year State, two-year State, two-year Private, four-year State, four-year Private, four-year Private, four-year Private, four-year Private, four-year State, four-year Private, four-year Private, four-year
3,391
OU College of Law
1,161
Oklahoma State University
27,062
OSU - Oklahoma City
8,144
OSU School of Veterinary Medicine Oklahoma City Community College University of Central Oklahoma
439
17,443 18,140 9,903 2,619 3,199 2,666 2,408 2,601
Rose State College
Redlands Community College Oklahoma City University
Langston University
Mid-America Christian University Oklahoma Christian University Southern Nazarene University* Oklahoma Baptist University
2,081 2,138
University of Science & Arts of Oklahoma Southwestern Christian University*
957 598 368
Randall University* Total Enrollment
136,555
SOURCE: OKLAHOMA STATE REGENTS FOR HIGHER EDUCATION IPEDS DATA CENTER Total includes 2018-2019 full academic year (fall, spring, summer) enrollment; *fall 2018 enrollment used when complete info is not available
CAREERTECH TRAINING INSTITUTIONS
2018-2019 Enrollment Location
Francis Tuttle - All Sites
25,617 25,080 15,154 10,838
Oklahoma City
Canadian Valley Technology Center - All Sites
El Reno
Meridian Technology Center
Stillwater Shawnee
Gordon Cooper Technology Center
Metro Technology Centers/Springlake Campus 21,066
Oklahoma City
Moore Norman Technology Center - All Sites Mid-America Technology Center Mid-Del Technology Center - All Sites Eastern Oklahoma County Technology Center
9,688 13,077 5,815 2,580 128,915
Norman Wayne
Midwest City
Choctaw
Total Enrollment*
SOURCE: OKLAHOMA DEPARTMENT OF CAREER AND TECHNOLOGY EDUCATION, 2018-2019 *Total enrollment includes ACD, industry specific training and full-time enrollment .
20 20
GREATER OKLAHOMA CITY REGION COLLEGES AND UNIVERSITIES DEGREE COMPLETION AND ENROLLMENT
ENROLLMENT 2018-19
5 YEAR AVERAGE
DEGREES 2018-19
5 YEAR AVERAGE
PROGRAM OF STUDY
Agriculture and Related Sciences Architecture and Related Services Biological and Biomedical Sciences
2,674
2,557
627
580 102 865
615
542
94
7,008 20,013
6,419
952
Business
21,465 3,966
4,630
4,591
Communication and Journalism Communications Technologies Computer and Information Science
3,917
830
861
51
74
31
37
3,683
3,904
687
657
Construction Trades Culinary Services
42 151
61
3
10 22
161
19
Education Engineering
6,669 9,425 2,645
7,661
1,455 1,960
1,455 1,827
10,507 3,437
Engineering Technologies
296 227
391 251
English Language and Literature Ethnic, Cultural, and Gender Studies Family and Consumer Science
986
1,147
122
137
35
41
2,357
2,937
548
605
Foreign Languages Health Professions
652
710
172
169
18,009
17,958
2,963
3,090
History
993
1,012
167
176 539 374
Homeland Security and Protective Services
2,934 1,694
3,065 1,330
492 518
Law
Liberal Arts and Sciences
20,047
22,208
2,025
2,174
Library Science
257 984
212
65
57
Mathematics and Statistics
1,042
214
189
Mechanic and Repair Technologies Multi/Interdisciplinary Studies Natural Resources and Conservation
152
217
48
79
2,844
2,898
933
1,027
347
322
90
82
Parks and Recreation Philosophy and Religion
2,602
2,428
369
353
346
339
84
78
Physical Sciences
2,820 5,201
3,347 5,210 1,050
390 918 358
399 855 299
Psychology
Public Administration Science Technologies
1,149
105
91
14
13
Social Sciences
3,767
3,829
935
854
Theology
597 754
729 604
94 119
95 117
Transportation and Materials Moving
Visual and Performing Arts Unknown or Not Declared
5,334 1,930
5,214 1,828
999
892
42
15
Grand Total:
133,876
140,618 24,403
24,221
Does not include proprietary institutions who do not report to the Oklahoma State Regents for Higher Education. Source: Oklahoma State Regents for Higher Education, 2019
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Oklahoma City’s cost of living consistently ranks below the national average, allowing one’s paycheck to stretch further. Oklahoma City also offers some of the most affordable housing, transportation, utilities, groceries and gas in the U.S., and residents still have more disposable income than in other cities. See the cost of living calculator in the “About Oklahoma City” section of www.okcchamber.com/ costofliving . INCOME
10 COUNTY GREATER OKLAHOMA CITY REGION 2019
# Households Per Income Category
Median Household Income
% of Total Households
Under $15,000..............................................................................69,520............................................. 11.3% $15,000 - $24,999...................................................................... 58,003............................................. 9.4% $25,000-$34,999....................................................................... 65,064............................................10.6% $35,000-$49,999........................................................................84,936............................................ 13.7% $50,000 - $74,999........................................................................111,651............................................18.6% $75,000 - $99,999...................................................................... 77,269............................................ 12.6% $100,000 - $149,999.................................................................. 83,572............................................ 13.6% $150,000 - $199,000................................................................... 33,185............................................. 5.4% $200,000+...................................................................................... 28,812............................................. 4.7%
Total Households.................................................. 615,021 Median HH Income.............................................$54,757 Average HH Income........................................... $76,105
SOURCE: ESRI BUSINESS ANALYST, 2019 10-COUNTY GREATER OKLAHOMA CITY REGION
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LABOR ANALYSIS UNEMPLOYMENT RATE
The unemployment rate for the Oklahoma City metropolitan area in 2019 averaged 3%, ranging from as low as 2.6% to as high as 3.5%. Increases in the area’s population and labor force have kept pace with economic growth, keeping the region’s unemployment rate low in comparison to the nation. The disruption in the local and national labor markets caused by COVID-19 are not reflected in these numbers.
LABOR ANALYSIS 2019
“OKLAHOMA CITY IS NOW THE 25TH-LARGEST CITY IN THE U.S.” - U.S. CENSUS BUREAU
Oklahoma City MSA
Greater Oklahoma City Region
Labor Force
685,758 765,172
Employed 664,945 741,904 Unemployed 20,814 23,267 Underemployed 70,558 75,893 Unemployment Rate 3.0% 3.0% Source: U.S. Dept. of Labor, Bureau of Statistics, Oklahoma City MSA and Greater Oklahoma City Region; These numbers do not reflect COVID-19 disruption.
TOTAL EMPLOYMENT BY INDUSTRY
Oklahoma City MSA
Greater Oklahoma City Region
Information
1.1%
1.1%
Other Services
2.5% 3.0%
4.2% 3.1%
Natural Resources and Mining
Construction
5.3% 5.2% 5.4%
5.2% 5.1% 5.6% 12.3% 13.5%
Financial Activities
Manufacturing
Leisure and Hospitality 12.1%
Professional and Business Services Education and Health Services Trade, Transportation and Utilities
14.2%
13.8%
13.5%
18.4%
18.1%
Government
19.0%
18.4%
Source: Bureau of Labor Statistics QCEW; 2019. These numbers do not reflect COVID-19 disruption.
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Average Hourly Wage Scales of Selected Occupations
Position
Entry Wage
Average Wage
Accountants and Auditors
$19.47 $37.06
Bookkeeping, Accounting, and Auditing Clerks Computer and Information Systems Managers
$11.51 $31.91
$19.29 $57.75
Computer Programmers Computer Systems Analysts
$22.52 $38.08 $19.66 $36.42 $15.65 $23.59 $10.58 $16.40 $19.20 $34.17 $13.40 $20.90 $26.08 $55.43 $12.62 $19.72 $27.35 $49.55 $13.09 $19.35 $9.63 $14.79 $15.55 $23.47
Computer Support Specialist Customer Service Representatives Database Administrators and Architects
Administrative Assistant
Financial Managers
Human Resources Assistants, Except Payroll and Timekeeping
Human Resources Managers
Industrial Truck and Tractor Operators
Material Handler
Machinists
Registered Nurses $22.83 $31.98 Software Developers and Software Quality Assurance Analysts and Testers $25.65 $43.03 Telemarketers $8.94 $12.67 Average for Oklahoma City MSA, all occupations $9.29 $23.26 Source: Bureau of Labor Statistics Occupational Employment Statistics, 2019, Oklahoma City MSA
24
COMMERCIAL REAL ESTATE Oklahoma City’s construction climate, one of the most competitive in the United States, makes building a facility an affordable and viable option. Costs of commercial and industrial construction are significantly lower here than in most areas throughout the Southwest, including Dallas, Houston, Phoenix and Denver, according to the RS Means Square Foot Costs survey. INDUSTRIAL SITES The Greater Oklahoma City Chamber maintains a comprehensive online database, www.okcedis.com , of industrial buildings and sites for the Greater Oklahoma City region. Customized site or building searches, site and building tours or build-to-suit
proposals are available. Office Rental Rates Class A Office Quote
Industrial Rental Rates
Flex/R&D Quote
$9.60 $5.99
$23.02 $18.76 $16.30 $20.08
Warehouse-Distribution Quote
Class B Office Quote Class C Office Quote Central Business District Avg. Quote Suburban Markets Avg. Quote Average Vacancy Rate
Average Vacancy Rate
4.8%
Retail Rental Rates Lease Rates Average Vacancy Rate*
$15.88-$21.12
$9.95-$20.99
9.6%
6.0% *based on weighted avg. lease rates in 19 submarkets
SOURCE: CBRE, COSTAR REPORTS, 2020
Location Factor Index / Commercial Construction
City
Index Value
San Antonio
0.83 0.85 0.85 0.91 0.92 0.96 1.00 1.02 1.06
Oklahoma City
Dallas
Omaha
Indianapolis Cleveland Kansas City Pittsburgh Minneapolis
Chicago 1.19 Source: RSMeans Square Foot Costs, 2020 OKLAHOMA CITY IS 15% BELOW THE NATIONAL AVERAGE
25
TAX RATES In 2009, the state voted to reduce personal income tax to 5.25% followed by further reductions to 5% in 2016. Oklahoma’s taxation and regulatory policies are competitive, both regionally and nationally.
“OKC RANKS AS THE BEST RUN LARGE METRO FOR THE 3RD YEAR IN A ROW” -WALLET HUB
Tax Rate
Corporate Income Tax�������������������������������������������������������������������������������������������������������������������6% Sales Tax (State & Local) �������������������������������������������������������������������������������������������������� 8.625%* State Personal Income Tax ����������������������������������������������������������������������������������������������������������5% Ad Valorem (Property Tax) Real Property.......................................................................Less than 1% of assessed value Personal (Machinery & Equipment) �������������������������������������������������1.5% of market value
Unemployment Compensation Tax - 1.5% on first $18,700 of payroll and 0.1% to 5.5% after two years experience
*Local sales tax based on City of Oklahoma City rate of 4.125%. Local tax rates vary by city and county from 3% to 5%. SOURCE: OKLAHOMA TAX COMMISSION
26
UTILITIES
ELECTRICITY - AVERAGE COST PER KWH Region
ENERGY COSTS AND PROVIDERS The 10-county Greater Oklahoma City region has two investor-owned electric utilities providing most of the electric service to the region. Oklahoma Gas and Electric Company and Public Service Company of Oklahoma vary in rates. There are also several municipally-owned energy providers in the Greater Oklahoma City region. OG&E Energy Corp., is a fully regulated utility. In July 2018, Edison Electric Institute reported that an average 1,000kW/400,000kWh monthly industrial bill in Oklahoma would be $24,647/$0.062 per kWh. For the same consumption, the average bill in Texas would be $30,465/$0.077 per kWh and the US average would be $41,057/$0.103 per kWh. The average cost of industrial electricity in Oklahoma City is 6.2 cents per kWh. This rate is 38% below the national average. Visit www.oge.com . Oklahoma Natural Gas’ tariffs range from small commercial/industrial using 1,000 Dth to facilities using in excess of 450,000 Dth per year. Rates are determined by factors such as annual revenue and capital investment expenses incurred. Visit www.oneok.com .
All Sectors Electricity
Residential Electricity
Industrial Electricity
Greater OKC 8.09¢
10.30¢
5.34¢ 5.64¢ 5.39¢ 7.60¢
Arkansas
7.78¢ 8.48¢
9.81¢
Texas
11.20¢ 13.35¢ 12.87¢
Kansas
10.72¢ 10.53¢
USA 6.92¢ Source: U.S. Dept of Energy, U.S. Energy Information Administration, Annual Electric Power Industry Report (2018)
GREATER OKLAHOMA CITY UTILITIES:
ENERGY Electricity in the Oklahoma City region is provided by: OGE Energy Corp., Canadian Valley Electric Cooperative, City of Stroud, Edmond Electric, Kingfisher Public Works Authority, Oklahoma Electric Cooperative, Public Service Company of Oklahoma, and Stillwater Electric Utility. Natural Gas provided by Oklahoma Natural Gas Company. WATER - CITY OF OKLAHOMA CITY Water System Capacity.................250,000,000 gpd STORAGE CAPACITY- CITY OF OKLAHOMA CITY Present Demand................................. 131,000,000 gpd Peak Demand.....................................212,000,000 gpd WASTEWATER/SEWER - CITY OF OKLAHOMA CITY Sewer Treatment Capacity.......... 120,000,000 gpd Present Load........................................64,000,000 gpd *Rates vary depending on municipality
“
Guthrie ranks as one of the best small towns in the South. -Southern Living
27
Incentives for Quality Jobs OKLAHOMA QUALITY JOBS PROGRAM – 10 YEAR CASH INCENTIVE Companies can directly receive up to 5% of new payroll in the form of quarterly cash payments for up to 10 years. OKLAHOMA QUALITY JOBS – SMALL EMPLOYER PROGRAM Allows qualifying small businesses (500 employees or less) to receive up to 5% cash-back incentive for up to seven years to locate or expand in Oklahoma. 21ST CENTURY QUALITY JOBS INCENTIVE PROGRAM – 10 YEAR CASH INCENTIVE Created to attract certain growth industries by rewarding businesses with a highly-skilled workforce. Companies can receive up to 10% on new payroll for up to 10 years. QUALITY JOBS & INVESTMENT TAX CREDIT Qualifying companies typically have to choose either the Quality Jobs Program OR the Investment/ New Jobs Tax Credit benefits. Qualifying manufacturing companies will have the option of receiving both of these incentives depending upon eligibility requirements, including and revenue positive determination by the state. STATE INCENTIVES Visit www.GreaterOklahomaCity.com for complete details and requirements associated with incentives.
Incentives for Investment INVESTMENT/NEW JOBS TAX CREDITS Provides growing manufacturers a significant tax credit based on investment in depreciable property or the addition of full-time employees engaged in manufacturing, processing, or aircraft maintenance. A 1% tax credit of qualified investment for five-years totaling 5%. Tax credit doubles in enterprise zones or for investments worth over $40M. BUSINESS EXPANSION INCENTIVE PROGRAM This incentive targets business expansion projects which include job creation and significant investment in facilities, machinery, and equipment.
“
Norman is a Top 10 city to kickstart your career. -WalletHub
28
Incentives for Workforce AEROSPACE INDUSTRY ENGINEER WORKFORCE TAX CREDITS Aerospace companies hiring engineers in a variety of fields will receive tax credit equal to 5% of the compensation paid to an engineer and 10% if the engineer graduated from an Oklahoma college or university, plus another credit of up to 50% of the tuition reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year. AUTOMOTIVE ENGINEER WORKFORCE TAX CREDIT Companies that manufacture or assemble motor vehicles, or manufacture automotive parts, and hire newly employed engineers may be eligible for a corporate income tax credit of up to 10% of the compensation paid to the engineer, plus an additional tax credit of up to 50% of the tuition cost reimbursed to an employee. Additionally, the engineer hired receives a tax credit of $5,000 per year.
CUSTOMIZED EMPLOYEE TRAINING Consistently ranked as one of the top programs in the nation, Oklahoma’s Training for Industry Program (TIP) provides customized training and resources to qualifying new and expanding Oklahoma companies at little or no cost to the company. Delivered through the state’s Career Technology Centers, TIP ensures that companies have a productive workforce from the start.
SOFTWARE/CYBERSECURITY WORKFORCE TAX CREDIT
Cybersecurity or software employees who have received a degree from an accredited institution can receive a tax credit up to $2,200 annually or $1,800 annually for qualifying employees who are awarded a certificate from a technology center.
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