Hollis, OK is a small town with a population of just over 2,000 people. It has an affordable cost of living with two bedroom rent being just $660, which is significantly lower than the national average of $1,430. The Grocery Cost Index in Hollis is also much lower than the US at 87 versus 100 respectively. \nLiving in Hollis offers a great balance between affordability and quality of life as there are several local businesses that serve the community such as JCPenney, Dollar General and Red Dirt Motors. The town also features many parks and recreational activities to enjoy with family or friends. There are also plenty of restaurants to choose from such as Cafe on Main and CJ's Family Diner, making it easy to find something tasty to eat nearby. All in all, Hollis is a great place to live for those looking for an affordable option without sacrificing too much in the way of amenities.
Hollis has an unemployment rate of 2.9%. The US average is 6.0%.
Hollis has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 10.1%, which is lower than the US average of 33.5%.
Tax Rates for Hollis
- The Sales Tax Rate for Hollis is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Hollis 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 Hollis
- The average income of a Hollis resident is $17,022 a year. The US average is $28,555 a year.
- The Median household income of a Hollis resident is $48,125 a year. The US average is $69,021 a year.