Drummond, OK is an affordable place to live with two-bedroom rents being significantly lower than the US average at $890. This low rent can be attributed to the low cost of living, as demonstrated by the Grocery Cost Index, which is 93 versus 100 in the US. The town also offers many local businesses and services such as Walgreens Pharmacy, Drummond Family Dentistry, Main Street Cafe, and Drummond Community Bank. All of these establishments are located within the city limits and offer a variety of products and services for its residents.
Drummond has an unemployment rate of 3.5%. The US average is 6.0%.
Drummond has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 10.0%, which is lower than the US average of 33.5%.
Tax Rates for Drummond
- The Sales Tax Rate for Drummond is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Drummond 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 Drummond
- The average income of a Drummond resident is $15,432 a year. The US average is $28,555 a year.
- The Median household income of a Drummond resident is $105,781 a year. The US average is $69,021 a year.