Oklahoma City is in the midst of an economic and population boom. In early 2024, the US Census Bureau revealed that the Oklahoma City MSA is one of the fastest-growing metros in the country. Oklahoma had the 9th highest positive net migration in the United States between July 2022 and July 2023, adding 31,967 residents and Oklahoma City now ranks as the 20th largest city in the United States.   

Oklahoma City also enjoys one of the nation’s lowest unemployment rates. Unemployment stood at less than 4% in 2024 and since the pandemic, OKC ranked 2nd lowest in the country for unemployment among large cities.   

Once just a regional power center of government and energy exploration, Oklahoma City has since diversified its local economy to include the sectors of information technology, aerospace, health services and software/payroll services. Paycom Software was recently added to the S&P 500 list and Forbes named it one of the fastest growing companies in the Country. The city is also anchored by another pair of Fortune 500 companies Chesapeake Energy and Devon Energy, as well as being home to Love’s Travel Stops, which ranked sixteenth on Forbes’ list of private companies.