Hammon, OK is a small town located in the southeastern part of the state. It is known for its friendly people and close sense of community. Rent prices for two bedroom apartments in Hammon are notably lower than the national average, making it an attractive place for those searching for more affordable housing. The cost of groceries in Hammon is also less expensive than the US average, which makes it an attractive destination for grocery shopping.
The town has a variety of local businesses such as McGee Hardware, Inc., LKJ Farms LLC, and Hammon Feed & Supply that help provide jobs to residents while helping to keep local taxes low. Additionally, many of these companies have been around for decades and contribute to the city’s long-standing sense of tradition and charm.
Hammon has an unemployment rate of 3.3%. The US average is 6.0%.
Hammon has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.
Tax Rates for Hammon
- The Sales Tax Rate for Hammon is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hammon 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 Hammon
- The average income of a Hammon resident is $14,245 a year. The US average is $28,555 a year.
- The Median household income of a Hammon resident is $61,042 a year. The US average is $69,021 a year.