OKC's growth reflects community's efforts and investment

Published Thursday, December 2, 2021
by Roy Williams

The recent news about the Census and Oklahoma City’s growth prompted our team to take a longer look back at Oklahoma City’s growth since the original passage of MAPS. As we look back 30 years of the MAPS era of Oklahoma City, the transformation is dramatic.

The biggest change is that the Oklahoma City MSA has added nearly half a million people. The metro has 50% more residents now than it did in 1993. Our population during that period grew at an average of 1.5% which is 1.4 times faster than the nation.

When your population is growing, it is likely that employment was growing too. And that is absolutely the case, with total employment in the metro up by more than 330,000 over the same period.

With that growth in employment, we also added $55 billion in total personal income since 1990, and per capita income now exceeds $50,000. That number is still lower than the nation – an area where we want to continue to make up ground. Our economy is bigger than ever before, with a gross metropolitan product that now exceeds $80 billion annually.

The truly amazing fact when looking at all this growth is that our cost of living remains low – at 14% below the nation, even lower than 1990 when it was 6% below the nation.

We see every day the benefits of our collective investment in the city, but sometimes, it is nice to see the numbers that back up that story and show our trajectory for the future.

This story originally appeared in the November 2021 edition of the VeloCity newsletter.

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Shop Oklahoma City Things are getting festive in Chisholm Creek! Head over this Friday, Dec. 10 to experience their Festival of the Trees! The free walk-through event is a magical experience, created through the support of local businesses.
Shop Oklahoma City In 2021, Oklahoma City saw impressive growth and brought in multiple new opportunities for employment. What do we have to look forward to in 2022? Read more here.
Shop Oklahoma City “Americans have $2.3 trillion more money in cash than they did before the pandemic, and so they're spending that,” said Parrack. “It is helping drive a lot of the retail business right now.” Learn more about the state of OKC retail here:
@okcretail We're having a great time at the @ICSC — Here, We Go. 2021 Conference! If you're in Las Vegas, come visit us at booth #7572 to learn more about Oklahoma City!
@okcretail It's always a good time to #ShopSmallForOKC, but as the holiday season continues, we encourage you to make the most of your gift-giving efforts by shopping local! Check out this story for more details.
@okcretail In October, the Oklahoma City MSA recorded an unemployment rate of 1.9%. This represents the second-lowest unemployment rate in the U.S. among metros with more than 1 million in population.
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