Lake Aluma, OK Economy


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Lake Aluma, OK is a small city located in the northwest corner of the state with an estimated population of 1,000 people. It offers its residents a rural atmosphere while providing easy access to nearby urban centers. The cost of living in Lake Aluma is quite reasonable, with average two-bedroom rent at around $990 compared to the US average at $1,430. Additionally, grocery costs are also low, with a Grocery Cost Index of 95 versus 100 in the US. Local businesses include family-run restaurants and shops such as Adam's Apple Farm & Market and Gabe's Garage & Auto Repair. Overall, Lake Aluma is an ideal spot for those who want to enjoy a quiet life away from the hustle and bustle of bigger cities but still have access to urban amenities at an attractive price.

Lake Aluma has an unemployment rate of 4.4%. The US average is 6.0%.

Lake Aluma has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.

Tax Rates for Lake Aluma
- The Sales Tax Rate for Lake Aluma is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Lake Aluma 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 Lake Aluma
- The average income of a Lake Aluma resident is $183,590 a year. The US average is $37,638 a year.
- The Median household income of a Lake Aluma resident is $247,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake Aluma, OklahomaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health
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