Piedmont, Jenks, Newcastle: These cities aren’t just some of the best places to live in Oklahoma. They are also home to some of the richest people in the Sooner State.
Piedmont in particular houses the richest residents in the state thanks, in part, to a median household income of $76,727 and a ridiculously low poverty rate of 2.3%.
If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Oklahoma share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.
How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 76 places in Oklahoma with more than 5,000 people.
At the end of the day, here’s the set of the 10 richest places in Oklahoma for 2018:
- Piedmont (Homes)
- Jenks (Photos | Homes)
- Newcastle (Homes)
- Tuttle (Homes)
- Bixby (Photos | Homes)
- Blanchard (Homes)
- Yukon (Photos | Homes)
- Edmond (Photos | Homes)
- Mustang (Photos | Homes)
- Choctaw (Photos | Homes)
For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Oklahoma.
How We Determined The Richest Places In Oklahoma For 2018
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the ‘richest places’. So we looked at this set of criteria from the newly released 2012-2016 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 76 places with more than 5,000 people in Oklahoma, we ranked each place from 1 to 76 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a ‘Rich Score’ with the place having the lowest overall Rich Score, Piedmont, crowned the ‘Richest Place In Oklahoma For 2018’.
You can learn more about the top ten below or skip to the end to see the rankings for all 76 places.
Population: 6,779 Median Income: $76,727
Unemployment Rate: 0.7%
Poverty Rate: 2.3%
More on Piedmont: Real Estate | Data
Piedmont is a city primarily in Canadian County, Oklahoma, though a small part of it is in Kingfisher County. It is a part of the Oklahoma City Metropolitan Area. The population was 5,720 at the 2010 census, a 56.7 percent increase from 3,650 at the 2000 census. Piedmont is a home rule city served by a council–manager government.
Population: 19,852Median Income: $88,521
Unemployment Rate: 3.9%
Poverty Rate: 4.1%
More on Jenks: Real Estate | Data
Jenks is a city in Tulsa County, Oklahoma, United States, and a suburb of Tulsa, in the northeastern part of the state. It is situated between the Arkansas River and U.S. Route 75. Jenks is one of the fastest growing cities in Oklahoma. As of the 2000 census, the city population was 9,557, but by 2010, the population was 16,924, an increase of 77.1 percent.
Population: 9,030 Median Income: $78,144
Unemployment Rate: 3.9%
Poverty Rate: 4.0%
More on Newcastle: Real Estate | Data
Newcastle is a city in McClain County, Oklahoma, United States, and part of the Oklahoma City Metropolitan Area. The population was 7,685 at the 2010 census.
Population: 6,576Median Income: $76,250
Unemployment Rate: 3.3%
Poverty Rate: 6.8%
More on Tuttle: Real Estate | Data
Tuttle is a city in Grady County, Oklahoma, United States. The population was 6,019 with the close of the 2010 census, seeing a 40.2% increase from 4,294[Data 1] at the close of the 2000 census.
Population: 8,267Median Income: $68,342
Unemployment Rate: 3.2%
Poverty Rate: 9.6%
More on Blanchard: Real Estate | Data
Blanchard is a city in McClain and Grady counties in the U.S. state of Oklahoma. The population was 7,670 at the 2010 census, up from 2,816 at the 2000 census. Blanchard is part of a rapidly growing area of northern McClain and Grady counties known as the ‘Tri-City Area’ with Newcastle and Tuttle.
Population: 25,293Median Income: $65,986
Unemployment Rate: 3.4%
Poverty Rate: 7.3%
More on Yukon: Real Estate | Data
Yukon is a city in Canadian County, Oklahoma, United States. It is part of the Oklahoma City Metropolitan Area. The population was 22,709 at the 2010 census. Founded in the 1890s, the town was named in reference to a gold rush in Yukon Territory, Canada, at the time. Historically, Yukon served as an urban center for area farmers and the site of a large milling operation. It is now considered primarily a bedroom community for people who work in Oklahoma City.
Population: 88,342Median Income: $74,632
Unemployment Rate: 3.5%
Poverty Rate: 10.0%
More on Edmond: Real Estate | Data
Edmond is a city in Oklahoma County, Oklahoma, United States, and a part of the Oklahoma City metropolitan area in the central part of the state. As of the 2010 census, the population was 81,405, making it the sixth largest city in the state of Oklahoma.
Population: 19,637Median Income: $68,837
Unemployment Rate: 4.6%
Poverty Rate: 6.2%
More on Mustang: Real Estate | Data
Mustang is a growing city in the southeast corner of Canadian County, Oklahoma, United States. It is part of the Oklahoma City Metropolitan Statistical Area. The population was 17,395 at the 2010 census, a 32.2 percent increase from 13,156 at the 2000 census. The city is now primarily known as a bedroom community for Oklahoma City.
Population: 11,989Median Income: $68,907
Unemployment Rate: 4.9%
Poverty Rate: 5.9%
More on Choctaw: Real Estate | Data
Choctaw is a city in Oklahoma County, Oklahoma. It is the oldest chartered town in Oklahoma. The city is located approximately 10 miles (16.1 km) east of Oklahoma City and is part of the Oklahoma City metropolitan area.
There You Have It – The Wealthiest Places In Oklahoma For 2018
Like we said earlier, when we set out to identify the richest places in Oklahoma, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Oklahoma.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Oklahoma, according to data:
2nd Poorest: Anadarko
3rd Poorest: Okmulgee
For more Oklahoma reading , check out:
Detailed List Of The Richest Cities In Oklahoma