Howe, Oklahoma is an idyllic small town with a population of approximately 1,700 citizens. The town is home to many local businesses such as M & J Electric and Roofing, Big Valley Pharmacy, and Howe Auto Parts. The average cost of living in Howe is quite affordable compared to other places in the US due to its lower rent prices and grocery costs. 2 bedroom apartments in Howe are around $810 whereas the US average for a similar apartment is priced at $1,430. Furthermore, groceries in Howe have an index rating of 93 as opposed to 100 in the US on average. All of these factors make Howe an attractive option for anyone looking for a more budget-friendly place to live.
Howe has an unemployment rate of 6.7%. The US average is 6.0%.
Howe has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Howe
- The Sales Tax Rate for Howe is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Howe 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 Howe
- The average income of a Howe resident is $18,771 a year. The US average is $28,555 a year.
- The Median household income of a Howe resident is $48,224 a year. The US average is $69,021 a year.