Phillips, OK is a small town located in Oklahoma state. It is known for its excellent quality of life and affordable cost of living. The average 2 bedroom rent in Phillips is much lower than the US average, at only $780 compared to $1,430. Similarly, the Grocery Cost Index here is 93 versus 100 in the US. This means that Phillips is cheaper than most other places when it comes to groceries.
The town is home to several local businesses including Arnold's Auto Parts & Supplies, Gossett Plumbing Supply Co., and Hillcrest Country Club. These companies provide employment opportunities for locals while keeping prices low with their competitively priced services and products. With such an affordable cost of living, Phillips makes for an attractive option for those looking to move out of larger cities.
Phillips has an unemployment rate of 6.0%. The US average is 6.0%.
Phillips has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Phillips
- The Sales Tax Rate for Phillips is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Phillips 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 Phillips
- The average income of a Phillips resident is $23,841 a year. The US average is $28,555 a year.
- The Median household income of a Phillips resident is $46,250 a year. The US average is $69,021 a year.