Homestead: Economy & Jobs

Median household income in Homestead is $-666,666,666, with homes at a median value of $137,500. The surrounding county supports 2,973 jobs (avg $50,359).

Income & Affordability

Median household income $-666,666,666 — below the Oklahoma median ($62,125).

Irs Income · IRS tax returns filed	$3,700
Irs Income · Total Adjusted Gross Income (thousands)	$262,912
Irs Income · Average AGI per return	$71,057 (vs Oklahoma $74,344)
Irs Income · Year	2022
Income Estimate	$67,577
Median Household Income	$-666,666,666 (vs Oklahoma $62,125)

Sources: IRS SOI 2022 · Census ACS 5-Year 2023 · Refreshed 2026-04-12

Employment & Workforce

Employment + workforce stats. The county-level employment count covers all jobs within the county, not just town residents.

Commuter Profile · Primary Mode	drove alone
Employment · Avg annual employment (county)	2,973
Employment · Total annual wages (county)	$149,709,120
Employment · Average annual pay	$50,359
Employment · Year	2024
State Occupation Wages · Year	2023
State Occupation Wages · All Occupations · Soc Code	00-0000
State Occupation Wages · All Occupations · Title	All Occupations
State Occupation Wages · All Occupations · Employment	1,664,310

Sources: BLS QCEW 2023 · BLS Occupational Employment and Wage Statistics (OES) · Refreshed 2026-04-12

Industry Sectors

Major industries by establishment count from Census County Business Patterns (2022). Sectors are NAICS-coded; counts are county-wide employer establishments.

Agriculture · Total Farms	242
Agriculture · Land In Farms Acres	480,054
Agriculture · Avg Farm Size Acres	1,983.70
Agriculture · Top Commodities	Animal Totals, Cattle, Crop Totals, Grain, Wheat
Agriculture · Year	2022
Business Patterns · Establishments (employer count)	232
Business Patterns · Total Employees	2,526
Business Patterns · Annual Payroll Thousands	132,791
Business Patterns · Year	2022

Sources: USDA NASS Census 2022 — county FIPS matched · Census CBP API — county FIPS match

Local Business Mix

Retail and service businesses by category (Census CBP NAICS-coded). Counts cover the surrounding county, not just the town. Reflects the everyday commercial mix residents can access.

Local Businesses · Gas Stations	6
Local Businesses · General Merchandise	8
Local Businesses · Commercial Banks	7
Local Businesses · Insurance Agencies	5
Local Businesses · Full Service Restaurants	10
Local Businesses · Fast Food	5

Sources: Census CBP — NAICS detail codes

Dining Scene

Eating + drinking establishments by NAICS category (Census CBP 2022) — full-service restaurants, fast-food, bars, coffee shops. County-level counts.

Dining Scene · Full Service Restaurants	10
Dining Scene · Fast Food	5

Sources: Census CBP NAICS 722

Banking

FDIC-insured bank branches with addresses. Branch density correlates with population — fewer branches per resident in lower-density areas.

Branches (6)

High Plains Bank

High Plains Bank · 202 N Main St · 73763

Wisdom Heritage Bank

OKEENE BRANCH · 124 N Main St · 73763

Bank 7

WATONGA BRANCH · 120 W Russworm Dr · 73772

Bank of Western Oklahoma

GEARY BRANCH · 101 W Main St · 73040

Community State Bank of Canton

Community State Bank of Canton · 101 W Main St · 73724

First State Bank

First State Bank · 321 W Main St · 73772

SNAP & Food Access

USDA-authorized SNAP retailers — supermarkets, super stores, convenience stores, and other locations where SNAP benefits can be redeemed. Per-1K density tracks food access.

Sample (1)

Hopnshop 8

Convenience Store · 319 Ken Miller Blvd

Nearest Snap · Name	Dominos 107
Nearest Snap · Distance	1.2 mi

Sources: USDA SNAP — nearest by coordinates

Chamber of Commerce

IRS-registered chamber of commerce organizations matched to this town. Reflects the IRS Exempt Organizations BMF; some chambers operate informally and may not appear here.

Chamber Of Commerce · Name	INOLA AREA CHAMBER OF COMMERCE

Sources: IRS EO BMF · Refreshed 2026-04-12

Spending & Tax

Federal spending flowing to the surrounding county — direct payments, grants, contracts, loans (USAspending.gov).

Federal Spending · Federal Spending Fy2024	$63,285,412
Federal Spending · Per Capita	7,245.04 (vs Oklahoma $7,371)
Federal Spending · Population	8,735 people (vs Oklahoma 63,420)

Sources: USAspending API

Other

Pct Drove Alone	66.7%
Retirement Score · Median age	70.8 years (vs Oklahoma 35.2y)
Retirement Score · Ss Household Pct	85.7%
Retirement Score · Hospitals Nearby	2
Retirement Score · Factors	older population, strong SS base, hospital access
Retirement Score · Rating	good

Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12