Colbert, OK is a small town situated in the Southern region of Oklahoma. It is home to many local businesses, such as Colbert Elementary School, Town Hall Grocery Store, and Colbert Liquor Store. The cost of living in Colbert is quite affordable, with an average two-bedroom rent at $820 per month and a grocery cost index of 93 compared to the US average of 100. Overall, Colbert provides access to the amenities needed for day-to-day living at a fraction of the cost when compared to neighboring cities and towns.
Colbert has an unemployment rate of 3.6%. The US average is 6.0%.
Colbert has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 56.7%, which is higher than the US average of 33.5%.
Tax Rates for Colbert
- The Sales Tax Rate for Colbert is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Colbert 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 Colbert
- The average income of a Colbert resident is $27,509 a year. The US average is $37,638 a year.
- The Median household income of a Colbert resident is $46,125 a year. The US average is $69,021 a year.