Drumright, OK is a small town located in the southern part of the state offering affordable housing and a low cost of living. With an average 2 bedroom rent of $870 compared to the US average of $1,430, Drumright offers significantly lower costs than other parts of the country. The Grocery Cost Index for Drumright is 89 versus 100 in the US allowing locals to save money on essential items. \nSome local companies include Calfrac Well Services Corp., Lehigh Hanson Inc., Charter Communications amongst others providing employment opportunities and a stable economy for its citizens. Additionally, residents can enjoy a hometown feeling with access to green space such as Lake Carl Blackwell and Quartz Mountain State Park which makes it a great place to relax and unwind from daily life. All these factors make Drumright an attractive option for people looking for cheaper rent or those who want to enjoy a peaceful small town lifestyle.
Drumright has an unemployment rate of 4.4%. The US average is 6.0%.
Drumright 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Drumright
- The Sales Tax Rate for Drumright is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Drumright 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 Drumright
- The average income of a Drumright resident is $18,075 a year. The US average is $28,555 a year.
- The Median household income of a Drumright resident is $39,390 a year. The US average is $69,021 a year.