Madill, OK is a small town in Oklahoma with a population of around 4,000. It is home to several local businesses, such as Madill Tire and Auto Care, Magnolia Mercantile Co., and The Madill Record Newspaper. The cost of living in Madill is quite low compared to the U.S. average; for example, the 2 bedroom rent is only $800 compared to $1,430 nationally. Additionally, the Grocery Cost Index here is 92 versus 100 in the US. Therefore Madill is an affordable place to live for those looking for a peaceful small town atmosphere.
Madill has an unemployment rate of 4.0%. The US average is 6.0%.
Madill has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.4%, which is lower than the US average of 33.5%.
Tax Rates for Madill
- The Sales Tax Rate for Madill is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Madill 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 Madill
- The average income of a Madill resident is $19,216 a year. The US average is $28,555 a year.
- The Median household income of a Madill resident is $48,700 a year. The US average is $69,021 a year.