Felt, OK is a small town located in the midwest. It has an affordable cost of living, with 2 bedroom rent at about $750 compared to the US average of $1,430. The local grocery cost index is 88 compared to the US national average of 100. Local companies in Felt include Felt Home Supply and Felt Auto Repair. It is also home to popular restaurants such as Burgers & Brews and Johnson’s Fish & Chips. Overall, Felt provides its residents with a low-cost lifestyle and numerous businesses for them to benefit from.
Felt has an unemployment rate of 1.6%. The US average is 6.0%.
Felt 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 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Felt
- The Sales Tax Rate for Felt is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Felt 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 Felt
- The average income of a Felt resident is $18,582 a year. The US average is $28,555 a year.
- The Median household income of a Felt resident is $54,583 a year. The US average is $69,021 a year.