Welch, OK is a small town with a population of roughly 600 people. Despite its size, the town has much to offer its residents. For one, the cost of living is lower than in other parts of the country. The average rent for a two-bedroom apartment in Welch is $850 while the national average for such an apartment is $1,430. Additionally, the Grocery Cost Index in Welch is 93 whereas it's 100 nationally.
Residents of Welch can enjoy shopping from local businesses such as Crossroads Thrift Store and Nana's Boutique. Both stores offer affordable clothing and home items that are perfect for those on a budget. Along with these stores, there are also great restaurants like Rusty's Barbeque Shack and Big Red Diner that serve delicious meals at reasonable prices. All these establishments contribute to making Welch an enjoyable place to live in.
Welch has an unemployment rate of 3.5%. The US average is 6.0%.
Welch has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Welch
- The Sales Tax Rate for Welch is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Welch 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 Welch
- The average income of a Welch resident is $19,455 a year. The US average is $28,555 a year.
- The Median household income of a Welch resident is $33,542 a year. The US average is $69,021 a year.