Akins, OK Economy


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Akins, OK is a great place to live due to its lower cost of living. The 2 bedroom rent in Akins is about $780, significantly less than the US average of $1,430. Additionally, the grocery cost index in Akins is 92 versus 100 in the US. This makes it a great place to consider for budget conscious families and individuals. There are plenty of local businesses in Akins, such as Carter's Tire & Automotive Repair Services, Country Roads Produce & Grocery, and Akins Heating & Air Conditioning Service. All three companies provide quality services to residents of the area.

Akins has an unemployment rate of 4.8%. The US average is 6.0%.

Akins has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.

Tax Rates for Akins
- The Sales Tax Rate for Akins is 9.9%. The US average is 7.3%.
- The Income Tax Rate for Akins 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 Akins
- The average income of a Akins resident is $15,560 a year. The US average is $28,555 a year.
- The Median household income of a Akins resident is $50,233 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAkins, OklahomaUnited States
  4.86
  -1.7%-6.2%
  21.9%33.5%
  5.9%6.2%
  5.0%4.6%
  $23,159$37,638
  $50,233$69,021
  $60,417$85,028
  Population by Occupation
  1.0%1.2%
  0.0%0.5%
  9.4%6.8%
  23.3%10.0%
  0.0%2.5%
  9.4%11.0%
  2.1%4.8%
  0.0%0.8%
  0.0%1.9%
  4.9%4.7%
  8.7%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  13.2%9.3%
  12.5%14.0%
  0.0%2.1%
  8.3%7.0%
  0.0%4.8%
  7.3%4.7%
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