Lamar, OK is an affordable place to live that offers competitive prices on groceries. The average two bedroom rental rate in Lamar, OK is much lower than the national average at $770 versus $1,430 in the US. The Grocery Cost Index in Lamar is also lower than the rest of the country with 91 compared to 100 in the US. Despite offering competitive prices, Lamar has a wide variety of local companies including Lamar Auto Repair, Dixie's Café & Bakery, and H&S Grocery Store & Butcher Shop. These small businesses offer quality service and products while providing employment opportunities for locals.
Lamar has an unemployment rate of 5.5%. The US average is 6.0%.
Lamar has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 13.3%, which is lower than the US average of 33.5%.
Tax Rates for Lamar
- The Sales Tax Rate for Lamar is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Lamar 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 Lamar
- The average income of a Lamar resident is $16,776 a year. The US average is $28,555 a year.
- The Median household income of a Lamar resident is $39,821 a year. The US average is $69,021 a year.