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Texola, OK Economy
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United States
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Oklahoma
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Elk City Metro Area
/
Beckham County
/ Texola /
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Texola, OK is a small town in Oklahoma with a population of only 285 according to the latest census. It is located along US Route 66 and is about an hour drive from Oklahoma City. The town's economy consists mainly of local business such as O'Bryant Hardware, Texola Cafe & Diner, and JL's Country Store. Despite being an economically small town, Texola has one of the best cost of livings in the country due to its low housing costs. The average two-bedroom rent for Texola is $850 which is significantly less than the national average of $1,430. Similarly, Grocery Cost Index in Texola is 90 whereas it is 100 on an average across the US. This makes Texola an ideal location for those looking for affordable housing and groceries.
Income by Population Percent
Economy
Texola, Oklahoma
United States
Unemployment Rate
5
6
Recent Job Growth
-8.3%
-6.2%
Future Job Growth
19.8%
33.5%
Sales Taxes
4.8%
6.2%
Income Tax
5.0%
4.6%
Income per Cap.
$35,038
$37,638
Household Income
69021
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