Oklahoma ranked third in economic freedom in the Fraser Institute’s Economic Freedom of North America’s 2024 report, which analyzes data from the 2022 fiscal year. The report uses the all-government index to compare all 50 U.S. states, Canadian provinces and Mexican jurisdictions.
The 2024 By the Numbers report from the Greater Oklahoma City Chamber shows that the region continues to experience significant growth and economic expansion. From population increases to sector growth and improvements in workforce development, the report provides an updated snapshot of the area's ongoing development. Below are some of the key updates:
Small businesses are the lifeblood of our economy, driving innovation, job creation and economic growth. In 2023, a groundbreaking 5.5 million small business applications were filed, with nearly 1.8 million poised to expand their teams. Oklahoma City reflects the resilience and dynamism of the U.S. entrepreneurial landscape. According to Forbes Advisor's latest analysis, Oklahoma City secures the second least risky spot among the nation's metropolitan areas for small businesses, with a commendable score of 2.51 out of 100.
Oklahoma City continues to set itself apart from other U.S. cities when it comes to recovering from the effects of the COVID-19 pandemic.
According to the latest Economic Outlook Ranking, Oklahoma is ranked No. 5 for economic outlook compared to other state across the nation.
A new analysis of consumer spending and cost of living data ranked Oklahoma No. 2 for how long a retiree could live on the interest accumulated from a $1 million nest egg.
Oklahoma City's ethnic population is growing and will soon outpace the growth of OKC's White population.
If you are currently a homeowner in the Greater Oklahoma City region, or if you are looking to purchase a home sometime soon, you will be glad to know that the average home values here are a lot lower than those in other cities across the U.S.
