Lamont, Oklahoma is a small town with an affordable cost of living. Rent for two bedroom housing is $740 which is substantially lower than the national average of $1,430. Food is also more accessible and cheaper in Lamont; the Grocery Cost Index is 90 compared to 100 in the US.
Local businesses have been gaining traction in the area recently. A few to mention include Rock's Pharmacy, Mullins Family Farm, and Shane's BBQ Steakhouse. Prices for goods are kept low at these places due to limited competition and they are well known for their excellent customer service. For those on a budget who want quality products or services, Lamont may be just what they're looking for.
Lamont has an unemployment rate of 2.4%. The US average is 6.0%.
Lamont has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 1.6%, which is lower than the US average of 33.5%.
Tax Rates for Lamont
- The Sales Tax Rate for Lamont is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lamont 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 Lamont
- The average income of a Lamont resident is $20,478 a year. The US average is $28,555 a year.
- The Median household income of a Lamont resident is $64,479 a year. The US average is $69,021 a year.