Ada, OK is a small town with an estimated population of around 18,000. Located in Pontotoc County, Ada offers its residents an affordable cost of living; the average rent for a two-bedroom apartment is $680 compared to the US average of $1430. Additionally, groceries are also cheaper in Ada with a Grocery Cost Index of 92 compared to 100 in the US.
The city is home to several businesses such as Halliburton Energy Services Inc., Allen's Automotive Center and South Central Industries Inc., which provide good job opportunities for locals. In addition to these local companies, Ada also offers many community services to its inhabitants. Examples include the Pontotoc Technology Center, which provides career training and adult education programs; The McSwain Theatre which hosts events and concerts; and The Chickasaw Nation housing office, which helps people find affordable housing solutions.
Ada has an unemployment rate of 3.8%. The US average is 6.0%.
Ada has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Ada
- The Sales Tax Rate for Ada is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Ada 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 Ada
- The average income of a Ada resident is $20,667 a year. The US average is $28,555 a year.
- The Median household income of a Ada resident is $44,721 a year. The US average is $69,021 a year.