Choctaw, OK is a small city located in the eastern part of Oklahoma. It is a great place to live due to its low cost of living and affordable housing. The average two bedroom rent in Choctaw is only $1,150 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Choctaw is 98 versus 100 for the US. This means that groceries are more affordable in Choctaw than they are nationally. Businesses in Choctaw include Walmart, Bancfirst Bank, J & S Clothing Outlet and Dollar General.
Choctaw has an unemployment rate of 4.4%. The US average is 6.0%.
Choctaw 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 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Choctaw
- The Sales Tax Rate for Choctaw is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Choctaw 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 Choctaw
- The average income of a Choctaw resident is $30,482 a year. The US average is $28,555 a year.
- The Median household income of a Choctaw resident is $81,081 a year. The US average is $69,021 a year.