Frederick, OK is an affordable city in which to live, as evidenced by the fact that 2 bedroom rent is about 40% lower than the US average of $1,430. Grocery costs are also relatively low according to a comparison index in which Frederick's score of 87 is 13 points below the national average. The town offers a variety of local companies to shop from including Bedrock Coffee House for your favorite cup of joe, Down Home Hardware for your home improvement needs, and Triple R Farms for locally grown produce. Overall, Frederick is an affordable place to live with plenty of local amenities.
Frederick has an unemployment rate of 4.0%. The US average is 6.0%.
Frederick has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.
Tax Rates for Frederick
- The Sales Tax Rate for Frederick is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Frederick 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 Frederick
- The average income of a Frederick resident is $16,305 a year. The US average is $28,555 a year.
- The Median household income of a Frederick resident is $32,332 a year. The US average is $69,021 a year.