Metro areas in the state account for an increasing share of population and income
METRO SHARE (POP)
METRO SHARE (INC)
STATE
74%
U.S. TX CO LA TN MO KS OK AR NM NE
86% 90% 88% 85% 78% 76% 70% 68% 65% 67% 66%
89% 92% 89% 87% 84% 81% 75% 73% 71% 69% 68%
Metro Personal Income Share Metro Population Share
72.6%
72%
69.6%
69.2%
70%
67.8%
68%
66%
64.7%
63.0%
64%
62%
STATE POPULATION GROWTH AND URBAN TRANSFORMATION • Oklahoma is playing catchup relative to other states in terms of urbanization. • Long-run patterns of urbanization across the U.S. will continue to concentrate population and income in metro areas. • Metro areas accounted for 68% of state population and 73% of state personal income in 2022 with those trends expected to carry through this decade. • The state’s population will grow at about 1%, but with stronger urban gains offsetting some rural population losses. • Transfer receipts include social security, Medicare, Medicaid, SNAP, and other government income supplements such as pandemic stimulus payments. In Oklahoma, people living in metro areas tend to be less reliant on government supplements than those in rural areas. • Urbanization and location along the I-35 corridor position Oklahoma City favorably for long-run prosperity. • The state population approaches 4.15 million by the end of 2025.
Source: Bureau of Economic Analysis, author calculations
Metro areas are less reliant on government payments to support resident incomes
35%
Transfer Share of Income, Metro Transfer Share of Income, Nonmetro
30%
29.3%
25.9%
25%
20.5%
20%
17.2%
18.6%
13.1%
15%
10%
Source: Bureau of Economic Analysis, author calculations
Oklahoma population growth nears 1% through 2025
4.20
1.5%
Percent Change Population
4.15
4.15
1.3%
4.11
4.10
4.07
1.1%
0.9%
4.05
0.9%
0.9%
4.00
0.7%
3.95
3.90
0.5%
Source: Bureau of Economic Analysis, author calculations
2024 ECONOMIC OUTLOOK 13
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