Ponca City, OK is an ideal place to live and work for those looking for a low cost of living. The average two bedroom rent in Ponca City is $770 per month, which is significantly lower than the national average of $1,430. The Grocery Cost Index of 91 in Ponca City versus 100 in the U.S. further highlights a lower cost of living compared to other cities across the nation. This city also has plenty of local businesses such as BancFirst, RCB Bank and AT&T that offer employment opportunities. With its affordable housing and job opportunities, Ponca City is indeed a great place to call home.
Ponca City has an unemployment rate of 4.9%. The US average is 6.0%.
Ponca City has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Ponca City
- The Sales Tax Rate for Ponca City is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Ponca City 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 Ponca City
- The average income of a Ponca City resident is $22,411 a year. The US average is $28,555 a year.
- The Median household income of a Ponca City resident is $47,236 a year. The US average is $69,021 a year.