Paoli, OK Economy


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United States / Oklahoma / No Metro Area / Garvin County / Paoli / Zip Codes
Paoli, OK is a small town of about 1100 people located in Garvin County. It is well known for its affordability for families and singles alike. The average two bedroom rent stands at $880 per month, a significant savings from the US average of $1,430. Grocery cost index also falls below the national average of 100 at 91. This makes Paoli an ideal spot for those seeking to live on a budget while still enjoying nearby amenities.
The town features many local businesses including F&M Bank, which has served the community since 1924, Paoli Mercantile, which offers all of your daily needs at reasonable prices, and Krim's Cafe and Bakery where you can enjoy home-style cooking with friendly service. As part of Garvin County, Paoli residents have access to Lake Murray State Park as well as golf courses and other outdoor recreational opportunities. With its affordability and convenient location to outdoor activities, Paoli is an excellent place to call home.

Paoli has an unemployment rate of 4.2%. The US average is 6.0%.

Paoli has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.

Tax Rates for Paoli
- The Sales Tax Rate for Paoli is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Paoli 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 Paoli
- The average income of a Paoli resident is $17,398 a year. The US average is $28,555 a year.
- The Median household income of a Paoli resident is $50,417 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPaoli, OklahomaUnited States
  4.26
  -1.3%-6.2%
  26.1%33.5%
  8.3%6.2%
  5.0%4.6%
  $19,975$37,638
  $50,417$69,021
  $67,667$85,028
  Population by Occupation
  0.7%1.2%
  7.1%0.5%
  9.0%6.8%
  13.4%10.0%
  1.1%2.5%
  17.2%11.0%
  4.5%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  1.1%7.6%
  0.0%0.1%
  1.5%4.2%
  11.6%9.3%
  10.8%14.0%
  1.9%2.1%
  4.9%7.0%
  9.7%4.8%
  5.6%4.7%
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