You'll turn a profit sooner with America's lowest business costs, but the education system is far from okay.
Oklahoma Score and Ranking
Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
---|---|---|---|---|
Cost of Doing Business | 308 | 1 | 13 | A+ |
Infrastructure | 176 | 34 | 17 | C- |
Life, Health & Inclusion | 149 | 36 | -- | D |
Workforce | 158 | 32 | 49 | D+ |
Economy | 99 | 40 | 40 | D+ |
Business Friendliness | 125 | 18 | 15 | B |
Access to Capital | 80 | 27 | 30 | D+ |
Technology & Innovation | 51 | 45 | 46 | F |
Education | 35 | 50 | 50 | F |
Cost of Living | 72 | 3 | 2 | A+ |
Overall | 1253 | 32 | 43 | -- |
Economic Profile
Governor: Kevin Stitt, Republican
Population: 3,980,783
GDP growth (Q1 2021): 4.5%
Unemployment rate (May 2021): 4%
Top corporate tax rate: 6%
Top individual income tax rate: 5%
Gasoline tax: 20 cents/gallon
Bond rating (Moody's/S&P): Aa2, stable/AA, stable
Major private employers: Wal-Mart, Integris Health, Williams Partners
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence