Coalgate, OK is a small rural town located in southeastern Oklahoma. It has a population of just under 2,500 people and was named after the nearby coal deposits. The cost of living in Coalgate is much lower than the US average due to its rural location and lack of major industry. For example, rent for a two bedroom apartment costs only $780 per month compared to the US average of $1,430. Additionally, groceries are more affordable in Coalgate with an index rating of 93 compared to 100 in the US.
Although there are not many large companies located in Coalgate, there are still some local businesses that offer employment opportunities such as The Farmers Co-Op Grain Company and Carico Lumber Products. There are also several small businesses such as Grocery Express Market, Tripp’s Hair Designers and Clawson Auto Supply. These local companies provide jobs for many people who live in or near Coalgate and help keep the cost of living low in comparison to other cities throughout Oklahoma and beyond.
Coalgate has an unemployment rate of 6.0%. The US average is 6.0%.
Coalgate 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 Coalgate
- The Sales Tax Rate for Coalgate is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Coalgate 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 Coalgate
- The average income of a Coalgate resident is $17,208 a year. The US average is $28,555 a year.
- The Median household income of a Coalgate resident is $33,438 a year. The US average is $69,021 a year.