Duncan, OK is a small town located in Stephens County with a population of approximately 23,000 people. It is an attractive place for renters due to its affordable 2 bedroom rent rates at $760 a month compared to the US average of $1,430. The cost of living in Duncan is also lower than the national average with a Grocery Cost Index of 89 versus 100. There are several local companies in the area including Halliburton Energy Services, Walmart Supercenter, and First United Bank & Trust Company as well as many other small businesses. The low cost of living combined with the low rent make Duncan an attractive option for those looking for an affordable place to live.
Duncan has an unemployment rate of 5.0%. The US average is 6.0%.
Duncan has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 5.2%, which is lower than the US average of 33.5%.
Tax Rates for Duncan
- The Sales Tax Rate for Duncan is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Duncan is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Duncan
- The average income of a Duncan resident is $22,605 a year. The US average is $28,555 a year.
- The Median household income of a Duncan resident is $51,757 a year. The US average is $69,021 a year.