Tulsa, OK is home to many successful local companies such as American Airlines, The BOK Financial Corporation, QuikTrip Corporation, and Williams Companies. It is an affordable place to live with the average two bedroom rent being around $1,020 compared to the national average of $1,430. Additionally, grocery costs in Tulsa are slightly lower than other parts of the country as its Grocery Cost Index is 95 compared to 100 in the US. Thus, Tulsa provides a lower cost of living while still providing excellent job opportunities with these international companies.
Tulsa has an unemployment rate of 4.7%. The US average is 6.0%.
Tulsa has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Tulsa
- The Sales Tax Rate for Tulsa is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Tulsa 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 Tulsa
- The average income of a Tulsa resident is $27,313 a year. The US average is $28,555 a year.
- The Median household income of a Tulsa resident is $52,438 a year. The US average is $69,021 a year.