Lawton, OK is a great place to live. It has a lower cost of living than the US as a whole, with an overall Grocery Cost Index of 90 versus 100 in the US. The average 2 Bedroom rent rate in Lawton is $870, much cheaper than the national average of $1,430 for the same size apartment. There are plenty of local companies from which to choose in Lawton, such as Western Oklahoma State College, Fort Sill National Bank, Comanche County Memorial Hospital and more. Overall Lawton is a great place to live due to its low cost of living and plentiful local businesses.
Lawton has an unemployment rate of 4.2%. The US average is 6.0%.
Lawton has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Lawton
- The Sales Tax Rate for Lawton is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Lawton 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 Lawton
- The average income of a Lawton resident is $21,486 a year. The US average is $28,555 a year.
- The Median household income of a Lawton resident is $48,718 a year. The US average is $69,021 a year.