Devol, OK is a small rural town located in Oklahoma. It has a population of just over 700 people and is part of the Wichita Falls metropolitan area. The rent for 2 bedroom apartments in Devol is significantly lower than the national average, at $890 versus $1,430. Additionally, the Grocery Cost Index in Devol is 89, which is 11 points lower than the US average of 100. Devol has many local companies such as Ranch Tex Feed & Supply, Valley Equipment and Tractor, Community Electric Cooperative and Vance’s Garage to name a few. Each of these businesses helps support and sustain the community by providing essential goods and services to residents.
Devol has an unemployment rate of 3.4%. The US average is 6.0%.
Devol has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 24.6%, which is lower than the US average of 33.5%.
Tax Rates for Devol
- The Sales Tax Rate for Devol is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Devol 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 Devol
- The average income of a Devol resident is $17,832 a year. The US average is $37,638 a year.
- The Median household income of a Devol resident is $65,750 a year. The US average is $69,021 a year.