Snyder, OK is a small city in Oklahoma with diverse economic opportunities. The two bedroom rent is much lower than the national average, which makes it an attractive place to live for those looking for good value in housing. The grocery cost index is also relatively low compared to the rest of the United States, making it an economical choice for groceries. This affordability is what draws people to Snyder and helps keep its economy thriving.
Some of the local companies that are in Snyder are Parker Drilling Company, Rose State College, Oklahoma State University Institute of Technology and Jenco Construction Company. These businesses provide a range of services from drilling and construction work to higher education opportunities. Together they help create jobs and a strong sense of community in Snyder while boosting the local economy through their services.
Snyder has an unemployment rate of 3.6%. The US average is 6.0%.
Snyder has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 5.7%, which is lower than the US average of 33.5%.
Tax Rates for Snyder
- The Sales Tax Rate for Snyder is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Snyder 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 Snyder
- The average income of a Snyder resident is $16,726 a year. The US average is $28,555 a year.
- The Median household income of a Snyder resident is $41,250 a year. The US average is $69,021 a year.