Elgin, OK is located in Comanche County, and it is a rural town with access to nearby larger towns. It is home to many different businesses including the Elgin Drug Store, the Elgin Family Barber Shop, and Elgin Grocery. The cost of living in Elgin is relatively low compared to other areas due to its small population size and local economy. The average two bedroom rent for Elgin is $1,200 which is significantly less than the US average of $1,430. Additionally, the grocery cost index is 95 compared to 100 in the US making groceries more affordable in Elgin than in many other cities across the country.
Elgin has an unemployment rate of 3.9%. The US average is 6.0%.
Elgin has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 23.1%, which is lower than the US average of 33.5%.
Tax Rates for Elgin
- The Sales Tax Rate for Elgin is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Elgin 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 Elgin
- The average income of a Elgin resident is $29,319 a year. The US average is $37,638 a year.
- The Median household income of a Elgin resident is $69,451 a year. The US average is $69,021 a year.