Arapaho, OK is a small town located in western Oklahoma with a population of 1,130 people. The cost of living in Arapaho is relatively low compared to the US average, as evidenced by the 2-bedroom rent being $840 versus $1,430 nationally. Grocery costs are also below the national average; Arapaho's grocery cost index is 94 versus 100 for the US. Despite its small size, Arapaho has several local businesses that contribute to the town economy. For example, there's Campa's Mexican Restaurant and Chisholm Trail BBQ which offer delicious dining options for locals and visitors alike. There is also B&B Hardware & Auto Supply which provides a range of products from automotive parts to kitchenware. Other companies include Western Trails RV Park & Campground and Arapaho National Bank & Trust Co., which serve as important venues for residents of surrounding communities.
Arapaho has an unemployment rate of 3.5%. The US average is 6.0%.
Arapaho has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Arapaho
- The Sales Tax Rate for Arapaho is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Arapaho 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 Arapaho
- The average income of a Arapaho resident is $29,440 a year. The US average is $28,555 a year.
- The Median household income of a Arapaho resident is $34,250 a year. The US average is $69,021 a year.