Arkoma, OK is a small town located approximately 50 miles east of Tulsa. The cost of living is quite low in Arkoma, with 2 bedroom rent at $730 a month compared to the US average of $1,430. The local grocery cost index is also quite low at 89 versus 100 for the US. There are several local businesses that make up the economy of Arkoma such as Dollar General, EZ Mart, and Castle Creek Golf Course. Arkoma also has two beautiful parks for its residents to enjoy and explore. For those looking for an affordable place to live with plenty of outdoor activities nearby, then Arkoma might be the perfect spot.
Arkoma has an unemployment rate of 6.7%. The US average is 6.0%.
Arkoma has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Arkoma
- The Sales Tax Rate for Arkoma is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Arkoma 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 Arkoma
- The average income of a Arkoma resident is $13,554 a year. The US average is $28,555 a year.
- The Median household income of a Arkoma resident is $31,000 a year. The US average is $69,021 a year.