Caddo, OK is known for its friendly atmosphere and affordable cost of living. The average rent for a 2 bedroom apartment in Caddo is $820, which is significantly less than the national average of $1,430. This makes Caddo a desirable place to live due to the considerable savings on essential expenses like rent. Additionally, grocery costs are also lower than the national average as well; Caddo has an index score of 95 compared to 100 in the US as a whole. Local businesses that make up the economy in Caddo include popular restaurants like Ervin's BBQ and Zack's Grille as well as small retail stores such as Janes Emporium and Radio Shack Express. Caddo is an ideal destination for those looking for an economical lifestyle without sacrificing quality services.
Caddo has an unemployment rate of 3.6%. The US average is 6.0%.
Caddo has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 56.7%, which is higher than the US average of 33.5%.
Tax Rates for Caddo
- The Sales Tax Rate for Caddo is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Caddo 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 Caddo
- The average income of a Caddo resident is $17,108 a year. The US average is $28,555 a year.
- The Median household income of a Caddo resident is $43,304 a year. The US average is $69,021 a year.