Average Salary in Oklahoma (OK)

Oklahoma's $61,364 median household income is below the national average, but the cost-of-living index of 87 — among the ten lowest in the country — gives households a reasonable effective purchasing-power position. The economy is built on oil and gas (Oklahoma City and Tulsa both host headquarters of major independent E&P companies — Devon Energy, Continental Resources, Williams), aerospace and defence (Tinker Air Force Base is the largest single-site employer in the state, with the Air Logistics Complex performing depot maintenance on the B-52, B-1, and KC-135 fleets), and agriculture (cattle, wheat). The state income tax ranges from 0.25% at the bottom bracket to 4.75% at the top, with periodic phase-down proposals in the legislature. The $7.25/hour minimum wage remains at the federal floor, and Oklahoma is one of a handful of states whose legislature has preempted local governments from setting their own higher minimum wages. Property taxes are low. Oklahoma has no estate or inheritance tax. The cultural and economic centre of gravity remains divided between Oklahoma City and Tulsa, which operate in many respects as independent metros with distinct industry mixes. Full data follows.