Cole, OK Economy


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Cole, OK is a small town located in Stephens County. With a population of just over 1,000 people, Cole is the perfect destination for those looking for a quiet community with plenty of activities. The cost of living in Cole is quite low compared to the US average. For example, the median rent for a two bedroom apartment is only $970, compared to the national average of $1,430. Additionally, the grocery cost index in Cole is 98 versus 100 in the US which speaks to its affordability.
When it comes to things to do in Cole, there are plenty of options. Local businesses such as Pickles and Peaches Market & Cafe offer locals fresh food and groceries while places like Boot Scootin Saloon provide great entertainment with DJs playing classic country hits and karaoke nights. Other popular spots include Dolan's Detailing Shop and Alfalfa Electric Cooperative for local services. Residents can also take advantage of nearby outdoor activities such as fishing at Jim Chapman Lake or camping at Turner Falls Park. With so much to do in Cole, it's easy to see why it's become such an attractive place to live!

Cole has an unemployment rate of 3.5%. The US average is 6.0%.

Cole has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Cole
- The Sales Tax Rate for Cole is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Cole 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 Cole
- The average income of a Cole resident is $25,618 a year. The US average is $28,555 a year.
- The Median household income of a Cole resident is $69,722 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCole, OklahomaUnited States
  3.56
  -2.5%-6.2%
  33.1%33.5%
  5.0%6.2%
  5.0%4.6%
  $29,964$37,638
  $69,722$69,021
  $81,250$85,028
  Population by Occupation
  3.6%1.2%
  3.9%0.5%
  12.3%6.8%
  6.5%10.0%
  1.4%2.5%
  14.5%11.0%
  1.7%4.8%
  4.3%0.8%
  0.0%1.9%
  7.5%4.7%
  1.7%1.9%
  8.0%7.6%
  0.0%0.1%
  5.6%4.2%
  3.4%9.3%
  11.6%14.0%
  1.4%2.1%
  0.2%7.0%
  8.0%4.8%
  4.3%4.7%
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