Sweetwater, OK is a small town in the southwestern region of the state. It has a population of around 12,000 and offers an affordable cost of living with low rent prices and grocery costs. The average two bedroom rent in Sweetwater, OK is $810 compared to the US average at $1,430. Additionally, the Grocery Cost Index in Sweetwater is 90 versus 100 for the US as a whole.
As a result of this affordability, many locals are able to enjoy life in Sweetwater without worrying about expenses. There are numerous local businesses that benefit from the area’s economic growth such as Tag Agency, Hungry Caveman BBQ and Grill, Sunray Cafe & Coffeehouse Company, Grand Furniture Discount Store and Wichita's Automotive Repair & Tire Service. These companies thrive on being part of such a welcoming community that values affordability and small-town charm while still providing residents with essential goods and services needed to get by day-to-day.
Sweetwater has an unemployment rate of 5.0%. The US average is 6.0%.
Sweetwater has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Sweetwater
- The Sales Tax Rate for Sweetwater is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sweetwater 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 Sweetwater
- The average income of a Sweetwater resident is $19,692 a year. The US average is $28,555 a year.
- The Median household income of a Sweetwater resident is $48,472 a year. The US average is $69,021 a year.