Loyal, OK is a small town located in Oklahoma with a population of around 1,000 people. It has an affordable cost of living compared to other towns and cities in the US. Rent for a 2 bedroom apartment is on average $840 per month as opposed to the US average of $1,430 per month. In addition, Loyal's Grocery Cost Index stands at 95 compared to 100 in the US. The town is home to many local businesses such as Loyal Hardware & Supply Co., Loyal Lumber & Supply Co., and Bridges Electric Co. All these companies provide reliable services and goods that help make life easier for residents of Loyal, OK. Overall, Loyal is an affordable place to live given its low rent and grocery cost index.
Loyal has an unemployment rate of 2.9%. The US average is 6.0%.
Loyal has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Loyal
- The Sales Tax Rate for Loyal is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Loyal 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 Loyal
- The average income of a Loyal resident is $24,853 a year. The US average is $28,555 a year.
- The Median household income of a Loyal resident is $38,750 a year. The US average is $69,021 a year.