Faxon, OK is a small community with a population of around 500. It is a quaint town that offers an affordable cost of living when compared to the US average. The 2 bedroom rent in Faxon is $890 which is much lower than the US average of $1,430. Similarly, the grocery cost index in Faxon is 90 compared to 100 in the US. This makes it an attractive place for those looking for a more affordable lifestyle.
The town is home to several local businesses such as JB's Auto mechanic shop, Mill Creek Farmstead Brewery, and Chuck's BBQ & Burgers. Additionally, there are many small boutiques and restaurants that dot the streets of this quaint and charming town.
Faxon has an unemployment rate of 3.9%. The US average is 6.0%.
Faxon has seen the job market increase by 0.5% 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 Faxon
- The Sales Tax Rate for Faxon is 4.9%. The US average is 7.3%.
- The Income Tax Rate for Faxon 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 Faxon
- The average income of a Faxon resident is $24,764 a year. The US average is $28,555 a year.
- The Median household income of a Faxon resident is $79,375 a year. The US average is $69,021 a year.