BUSINESS CLIMATE
DOING BUSINESS
Labor
Right-To-Work State % Employed Union Members in 2024 (MSA) % Employed Represented by a Union (MSA) State Labor Force (April 2025) Regional Labor Force (Greater OKC) (April 2025)
Yes 6.2% 6.9% 1,997,251 840,624 4% 4.75% 3.75-4.6% 11-12%
Taxes
Greater Oklahoma City offers you big advantages, with a strategic location, market access and the workforce you are looking for. All while providing some of the lowest business costs in the U.S. for a
major metro. There is a reason the Arizona State University Center for the Study of Economic Liberty named Oklahoma City the easiest place in North America to do Business.
Corporate Income Tax Rate Personal Income Tax Rate Sales Tax Rate Range (Cities over 10K) Real Property Tax Range (County)
Canadian - 12.00% Cleveland - 12.00% Grady - 11.00% Kingfisher - 11.00% Logan - 11.00% McClain - 11.00% Oklahoma - 11.00% Payne - 11.40%
Lincoln - 11.00% Pottawatomie - 12%
10-14%
Personal Property Tax Range (County)
Canadian - 12.00% Cleveland - 12.00% Grady - 11.00% Kingfisher - 11.00% Logan - 10.00% McClain - 11.00% Oklahoma - 13.75% Payne - 11.40%
Lincoln - 12.00% Pottawatomie - 14%
DOING BUSINESS
Of the 41 metros larger than Oklahoma City nationwide, OKC is growing at a faster rate than 2/3 of them.
Inventory exempt from tax for certain purposes; final destination must be outside Oklahoma and remain in state for less than 9 months
Inventory Tax
Labor-Intensive Manufacturer Effective Tax Rate (State)
New Firm Rank New Firm Rate New Firm Rank New Firm Rate Corporate Headquarters Effective Tax Rate (State) Greater Oklahoma City offers you big advantages, with a strategic location, market access and the workforce you are looking for. All while providing some of the lowest business costs in the U.S. for a major metro. There is a reason the Arizona State University Center for the Study of Economic Liberty named Oklahoma City the easiest place in North America to do Business. Shared Services Center Effective Tax Rate (State) Of the 42 metros larger than Oklahoma City nationwide, OKC is growing at a faster rate than 2/3 of them.
#1 Lowest 2.2%
# 2 Lowest 8.1%
COST OF DOING BUSINESS 100 = U.S. AVERAGE
#2 Lowest
New Firm Rank New Firm Rate
3.8%
Property Tax Collections Per Capita (State 2025)
Rank Collections
#5 Lowest $5,038
from 2023-2024 growing faster than 45% of them From 2020-2024 growing faster than 67% of them (or two thirds of
Gasoline Taxes (Jan. 2024 Taxes in Cents per Gallon)
Albuquerque San Antonio Oklahoma City
86.9
State Of Oklahoma Excise Tax U.S. State Excise Tax Average Unemployment Tax (State 2025)
20 32
90.1 89.5
Conditional Factor "D" and State Factor of "50%"
Rate for Newly Established Employers Range of Rates Taxable Wage Base Maximum Weekly Benefit Maximum Benefit Amount Maximum Benefit Wage Charge
1.50% 0.3% to 9.2% $28,200 $541 $8,656 $25,968
Nashville Houston Indianapolis Columbus Kansas City Charlotte
91.8
93.4
Workers' Compensation Insurance
Average Employer Cost: $1.41 per $100 of payroll
95.5 95 94.3
Costs
Cost of Doing Business Index (MSA) Cost of Living Index (Oklahoma City) Average Class A Office Lease Rate Average Marketwide Office Lease Rate Average Lease Rate - Industrial
82.2 86.9
$24.12 $20.08 $8.47
98.3
Residential Commercial Industrial All Sectors Average Price of Electricity (State - March 2025 In Cents Per kWh)
Austin Denver Atlanta Chicago Phoenix Dallas
100.9 100.5
8.37 5.25 8.12 12.37
103.9
Source: UnionStats, Lightcast, Oklahoma Department of Commerce, OK Tax Commission, County Assessors, Tax Foundation, American Petroleum Institue, Moody’s, C2ER, CoStar 2025, Energy Information Administration, OESC, Rich States, Poor States- Oregon Departmnet of Consumer and Business Services (2025)
105.4 105
114.7
Source: Moody’s North American Business Cost Review, 2025 Note: Cost of Doing Business is an index value with the average for the United States being 100. Source: Moody's North American Business Cost Review, 2025 Note: Cost of Doing Business is an index value with the average for the United States being 100.
12 Oklahoma City BY THE NUMBERS 2025
Oklahoma City BY THE NUMBERS 2025
13
Made with FlippingBook - professional solution for displaying marketing and sales documents online