Tulsa, OK Boasts Economic Diversity & Resilience
Tulsa’s Diverse Economy
Tulsa, located in northeastern Oklahoma, is the state's second-largest city. Its economy is diverse, spanning several key industries like energy, healthcare, aerospace, and manufacturing.
Historically, energy has been a major driver of Tulsa's economy, with numerous prominent oil and gas companies based in the city. In recent years, however, Tulsa has broadened its economic base. Healthcare has become a major sector, with major medical facilities such as St. Francis Health System, Hillcrest HealthCare System, and the Oklahoma State University Medical Center playing crucial roles.
Aerospace is another vital industry for Tulsa. The city hosts significant companies, including American Airlines, Boeing, and Spirit AeroSystems. Manufacturing is also strong, with companies like Kimberly-Clark, Whirlpool, and Nordam Group operating in the area.
In terms of employment, the top sectors in Tulsa are healthcare and social assistance, retail trade, and manufacturing. As of December 2021, the city's unemployment rate was 3.7%, which is slightly below the national average.
Tulsa has seen population growth recently, with around 400,000 residents. The city’s cost of living is lower than the national average, making it an appealing place for both businesses and individuals considering relocation.
Overall, Tulsa’s diverse economy and favorable business environment make it a promising spot for growth and investment.
To discover more reasons why investing in Tulsa could be a smart choice, schedule a call today or fill out our investor form. We’d love to discuss the opportunities with you.
