Low unemployment, energy sector boosts income in Oklahoma metro areas
Personal income grew in all of the nation's metropolitan areas in 2011, the federal government said. Helped by the energy sector and low unemployment, Oklahoma City and Tulsa metro areas were among the best performing.
Inflation takes away from purchasing power. As the cost of goods increases, then anybody who earned $30,000 last year and this year is going to feel like they're not doing as well.”
Deputy division director of research and economic analysis at the Oklahoma Commerce Department
Per capita incomes in Oklahoma City and Tulsa metro areas both peaked in 2008 and fell sharply in 2009 as Oklahoma began feeling the effects of the national recession.
Per capita income grew in the Oklahoma City metro by 3.5 percent in 2010 and 5.9 percent in 2011, the bureau said. In Tulsa's metro area, it grew 3.8 percent in 2010 and 6.8 percent last year.
The Oklahoma City metro per capita income rose to $40,002 in 2011, the bureau said. That's up from $37,761 in 2010. Tulsa metro per capita income was $42,236 last year, up from $39,529 in 2010.
Nationally, per capita income averaged $41,560 in 2011. It ranged from a high of $78,504 in the Bridgeport-Stamford-Norwalk, Conn., metro area to a low of $21,620 in McAllen-Edinburg-Mission, Texas.
Business Photo Galleriesview all
- 13851OKC Thunder: Thunder trio praise fans before potential departures
- 13814Oklahoma State football: Todd Monken thinks Wes Lunt should've stayed in Stillwater
- 9624Oklahoma medical examiner reports cause of deaths in Grand Lake boat crash
- 7322Oklahoma football: Sooners get pair of commitments
- 7022Report: OSU blocking Wes Lunt from transferring to the SEC, Big 12 and Southern Miss
- 5771Soaring gasoline prices hurt Oklahoma City area retailers
- 5205Student shot dead during botched home invasion