Elmore City, OK is a small city with a lot to offer. It has a low cost of living compared to the national average; two bedroom rent is $790, which is $640 less than the US average. The grocery cost index in Elmore City is also lower than the US average at 92, versus 100. There are several local companies in Elmore City including Lake Murray Tire & Auto Repair, Wright's Electric Company, and K&K's Market. Overall, Elmore City is a great place to live with its affordable rent and grocery costs as well as its many businesses.
Elmore City has an unemployment rate of 4.2%. The US average is 6.0%.
Elmore City has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Elmore City
- The Sales Tax Rate for Elmore City is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Elmore City 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 Elmore City
- The average income of a Elmore City resident is $15,647 a year. The US average is $28,555 a year.
- The Median household income of a Elmore City resident is $41,339 a year. The US average is $69,021 a year.