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2020 at a Glance Datasheet

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2020 at a Glance Datasheet GREATER OKLAHOMA CITY AT A GLANCE 123 Park Avenue | Oklahoma City, OK 73102 | 405.297.8900 | www.greateroklahomacity.com TABLE OF CONTENTS Location .....................................4 Economy ...................................14 Tax Rates .................................26 Climate ....................................... 7 Education .................................18 Utilities .....................................27 Population ................................. 8 Income ......................................22 Incentives ................................28 Transportation ....................... 10 Labor Analysis .......................23 Local Services ........................32 Housing .....................................13 Commercial Real Estate ....25 Best Large Cities to Start a Business. -WalletHub, 2017, 2018 & 2019 2 GREATER OKLAHOMA CITY: With the second-lowest cost of is integral to our success. Our living of any major metropolitan low costs, diverse economy and area balanced with high wages business-friendly environment and one of the best places to have kept the economic doldrums start a business for the third year at bay, and provided value, in a row, the Greater Oklahoma stability and profitability to our City area remains one of the best companies – and now we’re places to live, work and play. poised to do even more. The list of reasons you should Let us introduce you to the build your business in our region thriving 10-county region that is is growing – almost as quickly as Greater Oklahoma City: a region the list of reasons why people that has rediscovered its strengths love living here. In Greater – and redefined itself for the Oklahoma City, we understand future. that partnership among business, government and civic leaders TOP 10 CITIES WITH “ “THE YOUNGEST ENTREPRENUERS. - LENDING TREE 3 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 1,500 miles third largest geographic area for a city in the nation. 1,000 miles OKLAHOMA CITY MSA: 5,581 square miles THE GREATER 500 miles OKLAHOMA CITY REGION: 7,978 square miles OKLAHOMA CITY ELEVATION: 1,285 feet above sea level 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 4 THETHE GREATER GREATER OKLAHOMA OKLAHOMA CITY CITY REGIONREGION Stillwater Hennessey Yale PAYNE Cushing Perkins Crescent KINGFISHER LOGAN Langston Guthrie Kingfisher ¨¦§35 Chandler Edmond Luther ¨¦§44 Kilpatrick Turnpike LINCOLN Jones CANADIANEl Reno OKLAHOMASpencer ¨¦§40 Yukon Choctaw ¨¦§235 Harrah Prague Midwest City Oklahoma City McLoud Union City Tinker AFB Mustang Will Rogers World Airport ¨¦§240 ¨¦§40 Moore Shawnee Minco Bethel Acres Tuttle CLEVELAND Pink Tecumseh Newcastle Norman Lake Thunderbird ¨¦§44 Noble Goldsby ¨¦§35 Slaughterville Chickasha GRADY Lexington Ninnekah POTTAWATOMIE MCCLAIN Rush Springs POPULATION LEGEND <5,000POPULATION LEGEND 5,000<5,000 - 10,000 11,0005,000 - 20,000 - 10,000 21,000>10,000 - 50,000 51,000 - 100,000 >100,000 5 REGIONAL COMMUTER PATTERNS This map shows the 10-county Partnership between counties show the percentage region and the commuting pattern between of residents who travel to other counties each county. The number listed in the to work. For the purpose of clarity, only county is the percentage of residents who commuter flows of 5% and above are stay in their home county to work. The lines pictured below. PAYNE KINGFISHER 76% 58% LOGAN 23% 16% 11% 26% 63% 7% LINCOLN 33% CANADIAN OKLAHOMA 34% 24% 66% 86% 6% 5% 13% 7% 6% 31% 38% 53% POTTAWATOMIE 42% 54% 10% CLEVELAND 40% 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 13,316 3,305 480 464 115 271 337 36,466 337 463 6,714 Cleveland 2,268 40,590 518 124 148 229 2,069 53,867 718 1,407 13,062 Grady 1,034 1,699 6,435 94 44 81 969 6,689 140 204 4,347 Kingfisher 347 164 53 2,950 11 120 27 1,320 88 41 1,798 Lincoln 193 504 69 43 3,274 78 42 3,369 1,082 1,328 2,248 Logan 420 719 48 185 76 3,604 69 10,056 598 149 2,567 McClain 367 3,011 391 54 29 43 3,095 5,235 81 152 2,726 Oklahoma 9,440 19,916 974 629 652 2,136 1,262 246,786 2,332 2,380 34,279 Payne 316 744 53 91 325 239 71 3,719 18,046 278 8,820 Pottawatomie 418 1,598 73 53 494 71 164 6,923 377 11,976 4,731 Outside of Region 5,800 12,645 3,081 1,865 1,529 1,222 2,530 64,205 10,555 5,064 6 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° July .......72° - 94° Feb. .......33° - 55° Aug. ......71° - 93° Mar. .......41° - 63° Sep. .......63° - 85° April ......50° - 72° Oct. .......52° - 73° May .......60° - 80° Nov. .......40° - 62° June ......68° - 88° 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 7 REGIONAL COMMUNITY POPULATION City 2019 Population Percent Growth 2010-2019 Bethany 20,443 7.44% Chickasha 16,075 0.24% Choctaw 12,433 11.55% Edmond 93,840 15.28% El Reno 17,739 5.91% Guthrie 10,721 5.20% Midwest City 58,506 7.61% Moore 62,736 13.89% Mustang 19,393 11.49% Norman 125,369 13.02% Oklahoma City 671,100 15.69% Shawnee 30,982 3.77% Stillwater 50,032 9.51% Warr Acres 10,793 7.47% Yukon 25,027 10.20% Source: ESRI BUSINESS ANALYST, 2019 (populations over 10,000) POPULATION 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. 2019 POPULATION BY ETHNIC GROUP & RACE % White % Black % American Indian % Asian % Hispanic Origin*** Oklahoma City 60% 15% 4% 5% 21% Oklahoma County, OK 61% 16% 3% 4% 18% OKC MSA* 69% 11% 4% 4% 14% Greater OKC** 70% 10% 5% 3% 13% Oklahoma 69% 8% 9% 2% 11% USA 70% 13% 1% 6% 19% *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 8 SINCE 2010, THE OKC POPULATION HAS GROWN TWICE AS FAST AS THE NATION. Population Totals Population Annual Growth Rates 2010 Total Population 2019 Total 2024 Total 2010-2019 Population: 2019-2024 Population: Annual (U.S. Census) Population (Esri) Population (Esri) Annual Growth Rate (Esri) Growth Rate (Esri) Oklahoma City 579,999 671,100 715,063 1.59% 1.28% Oklahoma County 718,633 804,431 846,431 1.23% 1.03% OKC MSA* 1,252,987 1,420,798 1,506,137 1.37% 1.17% Greater OKC** 1,414,813 1,593,199 1,683,440 1.29% 1.11% Oklahoma 3,751,351 4,031,351 4,157,210 0.78% 0.61% USA 308,745,538 330,088,686 343,954,683 0.80% 0.77% Source: Esri Business Analyst, 2019; U.S. Census REGIONAL COUNTY POPULATION Population % Population Annual Population Totals Growth Growth Rates 2000-2010 2019-2024 2010 Total 2019 Total 2024 Total Population % 2010-2019 Population: Population Annual Population: Region Population Population Population Growth Annual Growth Rate Compound Growth Annual Growth (U.S. Census) (Esri) (Esri) (2010-2019) (Esri) Rate (U.S. Census) Rate (Esri) Canadian County 115,541 142,432 156,633 23.27% 2.80% 2.29% 1.92% Cleveland County 255,755 291,931 311,232 14.14% 2.09% 1.44% 1.29% Grady County 52,431 56,894 59,028 8.51% 1.42% 0.89% 0.74% Kingfisher County 15,034 16,092 16,529 7.04% 0.77% 0.74% 0.54% Lincoln County 34,273 36,451 37,294 6.35% 0.66% 0.67% 0.46% Logan County 41,848 47,188 49,995 12.76% 2.12% 1.31% 1.16% McClain County 34,506 41,471 45,126 20.18% 2.21% 2.01% 1.70% Oklahoma County 718,633 804,431 846,829 11.94% 0.85% 1.23% 1.03% Payne County 77,350 83,423 86,424 7.85% 1.27% 0.82% 0.71% Pottawatomie 69,442 72,886 74,350 4.96% 0.58% 0.52% 0.40% County *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 9 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.
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