Ringwood, OK is a small rural town located in Oklahoma. Local businesses in the area include Singing River Farms, Green County Oil & Gas, and The Roadhouse Bar & Grill. The cost of living is relatively low compared to the rest of the United States. According to recent statistics, 2 bedroom rent in Ringwood is $870 which is significantly lower than the US average of $1,430 per month. Additionally, the grocery cost index is 94 versus 100 in the US. This makes it more economical for residents to buy food and other necessities without breaking their budget. All things considered, Ringwood offers a great quality of life at an affordable price and is definitely worth considering for those seeking an affordable place to live.
Ringwood has an unemployment rate of 3.3%. The US average is 6.0%.
Ringwood 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 15.9%, which is lower than the US average of 33.5%.
Tax Rates for Ringwood
- The Sales Tax Rate for Ringwood is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Ringwood 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 Ringwood
- The average income of a Ringwood resident is $17,417 a year. The US average is $28,555 a year.
- The Median household income of a Ringwood resident is $35,278 a year. The US average is $69,021 a year.