Granite, OK is a small town located in southwest Oklahoma. It is known for its affordable cost of living, with 2 bedroom rents averaging at $720 compared to the US average of $1,430. This low rent combined with a Grocery Cost Index of 88 versus 100 in the US attracts many people to move to this quiet and peaceful town. There are several local companies that provide affordable rental options such as Oak Creek Apartments, Granite View Village Apartments, and Granite Park Apartments. These companies offer competitive prices for those looking to settle down in Granite, OK and enjoy the low cost of living.
Granite has an unemployment rate of 6.1%. The US average is 6.0%.
Granite has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 9.9%, which is lower than the US average of 33.5%.
Tax Rates for Granite
- The Sales Tax Rate for Granite is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Granite 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 Granite
- The average income of a Granite resident is $14,163 a year. The US average is $28,555 a year.
- The Median household income of a Granite resident is $48,229 a year. The US average is $69,021 a year.