West Siloam Springs, OK is a great place to live because of its low costs of living. The two bedroom rent is $810 compared to the US average at $1,430 which makes it much more affordable. The Grocery Cost Index in West Siloam Springs is also lower than that of the US with 93 versus 100. Companies such as grocery stores, housing developers and landlords would benefit from this comparison in cost of living due to the potential increase in business from people looking for an affordable place to live.
West Siloam Springs has an unemployment rate of 3.6%. The US average is 6.0%.
West Siloam Springs has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for West Siloam Springs
- The Sales Tax Rate for West Siloam Springs is 5.9%. The US average is 7.3%.
- The Income Tax Rate for West Siloam Springs 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 West Siloam Springs
- The average income of a West Siloam Springs resident is $13,809 a year. The US average is $28,555 a year.
- The Median household income of a West Siloam Springs resident is $51,602 a year. The US average is $69,021 a year.