Average Net Worth in Edmond, Oklahoma Introduction

Edmond in Oklahoma is recognized as an expanding city that delivers an excellent life quality through its robust economic base alongside its educated citizenry. Whoever wants to live in Edmond or learn about its financial structure needs to study how Edmond residents generally measure their worth. This paper examines the various income levels in Edmond while explaining cost of living standards alongside fundamental factors that maintain wealth distribution in the

city.

Household Income in Edmond, OK

The combination of high earnings reports along with the cost of living results in Edmond maintaining a median household income of $113,014 that exceeds the national median income of $75,149. Edmond stands as one of the highest income-producing cities in the United States, reaching position 94 within the nationwide ranking. Edmond benefits from elevated income patterns that generate both financial prosperity and market value enhancement in the

community.

Cost of Living in Edmond, OK

Edmond shows both higher local income rates than national averages while maintaining a minor elevation in its living expenses. Edmond residents pay an average of $328,882 for their homes, whereas the national price stands at $281,900. Edmond’s affordability level compels many people to choose it as their residence despite a slightly higher cost of living.

Income Distribution in Edmond

The northern parts of Edmond contain most of its higher-income neighborhoods, while lower- income households stay in various areas throughout the city. The northern regions of Edmond yield median earnings that reach $244,107, while the southern areas maintain $21,000 as their minimum yearly income.

Nearby Cities Comparison

• Nichols Hills, OK – Higher household incomes
• Arcadia, OK – Higher household incomes
• The Village, OK – Lower household incomes
• Seward, OK – Lower household incomes
• Jones, OK – Lower household incomes

Education and Net Worth in Edmond

Education shows a direct link to the amount of personal wealth which individuals possess. Adults in Edmond surpass the national average by reaching 55% of bachelor’s level attainment, while the rest of the country only achieves 31%. People with advanced degrees earn elevated salaries, and this leads them to build greater financial wealth.

Real Estate and Property Values

Real estate stands among the core substances for creating total net worth. Real estate values in Edmond’s housing market maintain an upward trend because the market performs well. The Edmond real estate market attracts residents who choose it as a valuable investment to establish long-lasting wealth accumulation.

Job Market and Economic Growth

Edmond maintains an active employment landscape where the jobless percentage stands below the standard of 5.33% across America. Key industries include:

• Education and healthcare
• Finance and professional services
• Retail and local business
• Technology and entrepreneurship

The combination of stable employment in these industries enables Edmond residents to attain increased net worth.

Wealth Distribution in Edmond

Many Edmond residents have high net worth, but income differences exist throughout different parts of the city. Northern portions of Edmond house residents with higher net worth, whereas the central parts have residents with average income levels. The financial situation of Edmond keeps the community stable while preserving a sound fiscal growth.

Transportation and Commuting

Residents of Edmond typically need around 29 minutes to get to their destinations, which is a shorter duration compared to the national standard. The majority of local residents transport themselves by driving vehicles since statistics show 86% usage, while public transportation

accounts for a mere 0.9% of travel. Such available accessibility helps residents improve their overall standard of living by facilitating increased wealth building.

Conclusion

Edmond, Oklahoma, stands out as a city with high average net worth, strong incomes, and a stable economy. Edmond maintains its position as an appealing destination for families and professionals wishing to grow their wealth because it provides a great employment market, solid education systems, and a strong property market.

Information about Edmond’s financial standing will help you better plan your potential move or investment decision.