Erick, OK Economy


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Erick, Oklahoma is a small city located in western Oklahoma. It's home to approximately 2,000 people and is known for its friendly, close-knit community. Erick offers affordable living with the average 2 bedroom rent being $760 compared to the national average of $1,430. Additionally, the grocery cost index in Erick is 90 versus 100 in the US making it an inexpensive place to live. Notable local companies include Blackwell-Erick Electric Coop Inc., Holcomb Trucking Inc., and Express Garage Door Services LLC.

Erick has an unemployment rate of 5.0%. The US average is 6.0%.

Erick has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Erick
- The Sales Tax Rate for Erick is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Erick 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 Erick
- The average income of a Erick resident is $14,234 a year. The US average is $28,555 a year.
- The Median household income of a Erick resident is $59,531 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyErick, OklahomaUnited States
  56
  -8.3%-6.2%
  19.8%33.5%
  9.8%6.2%
  5.0%4.6%
  $22,361$37,638
  $59,531$69,021
  $65,938$85,028
  Population by Occupation
  5.2%1.2%
  6.0%0.5%
  7.8%6.8%
  1.7%10.0%
  2.9%2.5%
  5.7%11.0%
  1.7%4.8%
  4.6%0.8%
  0.0%1.9%
  3.2%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.5%4.2%
  3.2%9.3%
  17.0%14.0%
  2.3%2.1%
  2.9%7.0%
  7.5%4.8%
  23.0%4.7%
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