Cherokee, OK is a small town located in Alfalfa County, Oklahoma. The population of Cherokee was 659 as of the 2010 census. This quaint town offers its residents an affordable living option; two bedroom rent averages at $810 compared to the US average of $1,430. Additionally, grocery costs are lower than the US average with a grocery cost index of 90 versus 100 in the US.
The local economy is primarily built on agriculture and businesses such as T & L Feeders and Bill’s Tire Service. Other businesses include Green’s Grocery Store, Sooner State Bank, and Corner Café & Bakery. Each business plays an important role in providing services to the citizens of Cherokee, OK who make up this tightknit community.
Cherokee has an unemployment rate of 2.1%. The US average is 6.0%.
Cherokee has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 9.2%, which is lower than the US average of 33.5%.
Tax Rates for Cherokee
- The Sales Tax Rate for Cherokee is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cherokee 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 Cherokee
- The average income of a Cherokee resident is $27,618 a year. The US average is $37,638 a year.
- The Median household income of a Cherokee resident is $71,190 a year. The US average is $69,021 a year.