Hobart, OK is a small town located in Kiowa County. It has a population of around 3,200 and offers a peaceful atmosphere with plenty of outdoor activities to enjoy. The cost of living in Hobart is significantly cheaper than the US average - for example, rent for a 2 bedroom apartment is about $730 compared to the US average of $1,430. Grocery costs in Hobart are also much less expensive – the Grocery Cost Index is 88 versus 100 in the US. Local businesses including First National Bank & Trust Co., J-Bar Tire Shop, and K&B True Value Hardware provide goods and services to residents at more affordable prices than larger cities. Overall, Hobart offers good value for money with its low cost of living and abundance of amenities.
Hobart has an unemployment rate of 3.6%. The US average is 6.0%.
Hobart has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 5.7%, which is lower than the US average of 33.5%.
Tax Rates for Hobart
- The Sales Tax Rate for Hobart is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hobart 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 Hobart
- The average income of a Hobart resident is $23,950 a year. The US average is $28,555 a year.
- The Median household income of a Hobart resident is $26,592 a year. The US average is $69,021 a year.