Dacoma, OK is a small town located in northwest Oklahoma with a population of less than 500. Despite its size, the town offers many services to its residents. The local businesses include supermarkets such as Dacoma Snack Shop and Dairy Queen, gas stations like Dave's Quick Stop and Terry's Stop & Shop, and local restaurants such as Pizza King and China House.
When it comes to living costs, Dacoma is very affordable compared to other parts of the country. For instance, the average rent for a two bedroom apartment in Dacoma is only $760 whereas the national average for the same apartment type is $1,430. Additionally, the Grocery Cost Index in Dacoma is 90 against 100 in the US. Therefore, those who are looking for an inexpensive place to live should consider Dacoma as an option.
Dacoma has an unemployment rate of 2.2%. The US average is 6.0%.
Dacoma has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 4.8%, which is lower than the US average of 33.5%.
Tax Rates for Dacoma
- The Sales Tax Rate for Dacoma is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Dacoma 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 Dacoma
- The average income of a Dacoma resident is $28,317 a year. The US average is $28,555 a year.
- The Median household income of a Dacoma resident is $53,000 a year. The US average is $69,021 a year.