Centrahoma, OK is a small rural town in southeastern Oklahoma known for its affordability. The average two bedroom rent is $780, while the national average two bedroom rent is $1,430; this makes Centrahoma a great option for those looking for an affordable place to live. Furthermore, the Grocery Cost Index in Centrahoma is 95 versus 100 in the US. This means that groceries are slightly cheaper than the national average. Local businesses include Huffman’s Family Grocery Store, which has been around since 1948, and Newberry Sheet Metal Shop, which provides custom metal fabrication services. All in all, Centrahoma offers its residents a lower cost of living when compared to the national average.
Centrahoma has an unemployment rate of 6.0%. The US average is 6.0%.
Centrahoma has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Centrahoma
- The Sales Tax Rate for Centrahoma is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Centrahoma 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 Centrahoma
- The average income of a Centrahoma resident is $12,821 a year. The US average is $28,555 a year.
- The Median household income of a Centrahoma resident is $19,167 a year. The US average is $69,021 a year.