Grandfield, OK Economy


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United States / Oklahoma / No Metro Area / Tillman County / Grandfield / Zip Codes
Grandfield, OK is a small town located in the south-western part of the state with a population of approximately 1,000 people. It is known for its friendly locals and low cost of living - two bedroom rent is only $660 compared to the US average of $1430. This affordable housing allows locals to enjoy great amenities like the local park, schools, library, grocery store, restaurants and businesses like Grandfield Auto Repair and Grandfield Home Furnishings. The Grocery Cost Index here is 88 versus 100 in the US which makes it an attractive place to live for those who want to keep their budgets in check.

Grandfield has an unemployment rate of 4.0%. The US average is 6.0%.

Grandfield has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 13.4%, which is lower than the US average of 33.5%.

Tax Rates for Grandfield
- The Sales Tax Rate for Grandfield is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Grandfield 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 Grandfield
- The average income of a Grandfield resident is $17,114 a year. The US average is $28,555 a year.
- The Median household income of a Grandfield resident is $30,694 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrandfield, OklahomaUnited States
  46
  -1.0%-6.2%
  13.4%33.5%
  9.5%6.2%
  5.0%4.6%
  $20,165$37,638
  $30,694$69,021
  $54,281$85,028
  Population by Occupation
  19.6%1.2%
  0.3%0.5%
  4.5%6.8%
  10.0%10.0%
  7.1%2.5%
  11.3%11.0%
  6.4%4.8%
  0.0%0.8%
  0.0%1.9%
  3.5%4.7%
  1.6%1.9%
  1.6%7.6%
  0.0%0.1%
  2.3%4.2%
  5.5%9.3%
  11.9%14.0%
  10.6%2.1%
  0.3%7.0%
  2.6%4.8%
  1.0%4.7%
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