Canute, OK is a small town located in Custer County. It has a friendly atmosphere and plenty of attractions for its inhabitants. Its economy is largely centered around the oil industry, though it also features several local businesses such as Canute Grocery and Canute Hardware that serve the community's daily needs. The cost of living in Canute is lower than the US average, with 2 bedroom rent costing $920 compared to the US average of $1,430. Additionally, groceries are cheaper too, with a grocery cost index of 92 compared to 100 in the US on average. As well as being a great place to live economically, Canute is home to many other amenities such as churches, schools, parks and libraries which make it an ideal place for families to thrive.
Canute has an unemployment rate of 4.9%. The US average is 6.0%.
Canute has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Canute
- The Sales Tax Rate for Canute is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Canute 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 Canute
- The average income of a Canute resident is $27,049 a year. The US average is $37,638 a year.
- The Median household income of a Canute resident is $72,614 a year. The US average is $69,021 a year.