Increasing Wages
The Average Annual Wage for all industries in Pontotoc County increased to $52,492 in 2022, according to the Quarterly Census of Employment and Wages from the Bureau of Labor Statistics. This is a 6% increase over the average annual wage from 2021, and a 53% increase over the decade from the average annual wage of $34,111 in 2012.
Catching Up to the State of Oklahoma
This increase is significant because Pontotoc County has historically had a wage much lower than the average annual wage for the entire state of Oklahoma. In 2012, the Pontotoc County average wage of $34,111 was 22% lower than the Oklahoma average wage of $41,633 for all industries. In 2022, the gap closed to Pontotoc County being just 2.9% behind the Oklahoma average wage of $53,992.
Slow Data
The Quarterly Census is an important source of public data for our local economy. The wage data is primarily sourced from quarterly tax and unemployment insurance reporting by employers in Pontotoc County. As such, it tends to fairly accurately represent what people working in our county are paid each year. However, it tends to be a little slower to publish than public labor force data which is primarily survey-based. We use this data to better understand our local employers' long-term trends, which allows us to better target our economic development programs to help these employers expand and grow.
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