Lane, OK is a small city that offers residents an affordable living cost compared to the United States as a whole. The average rent for a two-bedroom home in Lane is $730, which is much lower than the national average of $1,430. Furthermore, the Grocery Cost Index in Lane is 92 compared to 100 across the USA. As such, grocery costs are cheaper for locals. Lane also has many local businesses offering goods and services at competitive prices. Notable companies include Bob's Auto Repair, Smith Family Hardware Store, and Vickers Plumbing Services making it an ideal place to live for those looking for affordability while still having access to necessary amenities.
Lane has an unemployment rate of 6.1%. The US average is 6.0%.
Lane has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 42.6%, which is higher than the US average of 33.5%.
Tax Rates for Lane
- The Sales Tax Rate for Lane is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lane 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 Lane
- The average income of a Lane resident is $22,088 a year. The US average is $28,555 a year.
- The Median household income of a Lane resident is $55,625 a year. The US average is $69,021 a year.