ENID, Okla. — A study measuring the “financial health” of communities across the country ranked Kingfisher County No. 1 in Oklahoma.
SmartAsset, the New York-based financial technology firm behind the study, determined the most financially healthy places in America by looking at debt, bankruptcy figures, poverty and unemployment.
“In our study, a financially healthy county means people there have low average debt as a percent of income, along with a low chance of being affected by personal bankruptcies, poverty or unemployment,” SmartAsset said of the study.
A poverty rate of 9.8 percent, and an unemployment rate of 2.8 percent, helped secure the top spot for Kingfisher County. The state average in those categories is 15.8 percent and 4.29 percent, according to the study.
Debt only accounted for 0.68 percent of total income for the average Kingfisher resident, and there were 1.48 bankruptcies declared per 1,000 people in the county, the study showed.
Second place is Texas County, followed by Woodward, Custer and Garvin counties, according to the study. However, the poverty rate in Texas County was 16.8 percent, and 17.1 percent in Garvin, both higher than the state average.
Bryan County took sixth place, Beckham took seventh, and Garfield came in at eighth. Marshall earned ninth on the list, and Kay was last of the Top 10.
Bryan, Beckham and Kay counties also exceeded the state unemployment rate at 18.2 percent, 17.3 percent and 16.6 percent, respectively.
Lavaca County, Texas, was determined the most financially healthy community in the entire country, with a 12.1 percent poverty rate, a 3.6 percent unemployment rate, and 0.15 bankruptcies per 1,000 people.
No Oklahoma counties broke into the top ten nationwide.