Luther, OK is a small town with a population of 1,374 people. It is located in Oklahoma County and is known for its low cost of living and the convenience of its location. The average rent for a two bedroom apartment is $940 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Luther, OK also averages 96 compared to 100 in the US.
The town of Luther provides plenty of local companies for residents to visit including the H&H Mercantile Company, Knapp’s Bakery, and Kruse Pharmacy. H&H Mercantile Company has been providing hardware supplies to Luther since 1888 and is still open today. Knapp’s Bakery provides delicious pastries as well as custom cakes for special occasions while Kruse Pharmacy has been providing medication services since 1945.
Luther has an unemployment rate of 4.4%. The US average is 6.0%.
Luther 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 Luther
- The Sales Tax Rate for Luther is 4.5%. The US average is 7.3%.
- The Income Tax Rate for Luther 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 Luther
- The average income of a Luther resident is $27,725 a year. The US average is $37,638 a year.
- The Median household income of a Luther resident is $51,458 a year. The US average is $69,021 a year.