Ballou, OK Economy


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United States / Oklahoma / No Metro Area / Mayes County / Ballou / Zip Codes
Ballou, OK is a small town in Oklahoma with a population of just under 1,000 people. It is known for its friendly atmosphere and local businesses. Companies that can be found in the area include a restaurant called The Wagon Wheel and a bank called Ballou National Bank.
When it comes to rent, there's quite a bit of difference between what's available in Ballou, OK as opposed to the US as whole. Specifically, 2 bedroom rentals in Ballou cost about $830 while the same type of rental in the US cost an average of $1,430. This could be attributed to lower demand for such rental properties due to the relatively small population within Ballou itself. Furthermore, grocery costs are also lower than those found in the US as a whole; while on average groceries cost 100 points according to indexes, they typically only run up 93 points when bought within Ballou.

Ballou has an unemployment rate of 3.7%. The US average is 6.0%.

Ballou has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.

Tax Rates for Ballou
- The Sales Tax Rate for Ballou is 5.9%. The US average is 7.3%.
- The Income Tax Rate for Ballou 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 Ballou
- The average income of a Ballou resident is $36,308 a year. The US average is $37,638 a year.
- The Median household income of a Ballou resident is $82,206 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBallou, 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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