Oklahoma State Benefits The economy of Oklahoma is anchored by large industries that have been a mainstay of the state’s culture for years. Oklahoma is the largest manufacturer of tires in the United States and it is the third largest producer of energy in the form of natural gas and oil. Large Oklahoma-bases retail chains such as Hobby Lobby and QuikTrip continue to climb the Forbes lists of successful businesses. Energy companies such as Devon Energy Corporation and SandRidge Energy Corporation are listed by Forbes as among the largest in the country. The unemployment rate in Oklahoma stands at 4.2 percent, which is well below the national average. The minimum wage in Oklahoma is set at $7.25 per hour, which is the federally-mandated rate. Oklahoma State Taxes The minimum state income tax rate in Oklahoma is 0.5 percent and the maximum income tax rate is 5.25 percent. Both rates fall well below the national average by a significant margin. Oklahoma’s property tax rate is 0.74 percent, which is ranked 33rd in the United States. People purchasing goods and services in the state of Oklahoma pay a sales tax rate of 5.75 percent, which is in line with the national average.
|Address:||PO Box 52006, Oklahoma City, OK 73152|
|Business Hours:||Office hours not available|