Altus, OK is a small city located in southwestern Oklahoma, with a population of approximately 20,000 residents. With a relatively low cost of living compared to other cities across the United States, Altus has become an attractive place to live for those looking for affordable housing options. The median two-bedroom rent price is only $710 per month, compared to the US median of $1,430 per month. Additionally, grocery costs in Altus are also lower than average with an index score of 88 compared to 100 in the US.
In terms of local businesses, Altus is home to several notable companies such as Lowe's Home Improvement Center, Walmart Supercenter and McDonalds restaurants. Other popular businesses include the Altus Municipal Airport and Red River Technology Center which offer services related to aviation and education respectively.
Altus offers plenty of amenities at an affordable price point making it one of the most desirable places to live in Oklahoma. With its low cost of living and large selection of local businesses, Altus provides an excellent opportunity for individuals or families seeking stability and value in their new home.
Altus has an unemployment rate of 3.0%. The US average is 6.0%.
Altus has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Altus
- The Sales Tax Rate for Altus is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Altus 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 Altus
- The average income of a Altus resident is $20,173 a year. The US average is $28,555 a year.
- The Median household income of a Altus resident is $52,085 a year. The US average is $69,021 a year.