Twin Oaks, OK is a small town located in the state of Oklahoma. It offers a variety of amenities to its residents, including low rent costs. The average 2 bedroom rent in Twin Oaks is $810 per month, compared to the US average of $1,430. Additionally, the grocery cost index in Twin Oaks is 94 compared to 100 in the US. Residents can benefit from both affordability and convenience when it comes to basic necessities. Some local companies that are based in Twin Oaks include Ben’s Auto Repair and Anderson’s Restaurant. This area has seen consistent economic growth over the past five years with no signs of slowing down anytime soon. This is evidenced by strong housing market activity and population growth as people continue to move into the area.
Twin Oaks has an unemployment rate of 3.6%. The US average is 6.0%.
Twin Oaks has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Twin Oaks
- The Sales Tax Rate for Twin Oaks is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Twin Oaks 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 Twin Oaks
- The average income of a Twin Oaks resident is $14,539 a year. The US average is $37,638 a year.
- The Median household income of a Twin Oaks resident is $27,500 a year. The US average is $69,021 a year.