Minco, OK is a small town located in Grady County with a population of approximately 3,000 people. It is a quiet and peaceful place with an affordable cost of living. The 2 bedroom rent in Minco is roughly $860 compared to the US average of $1,430, making it almost 40% cheaper than the national average. Additionally, when it comes to grocery cost index, it is 93 versus 100 in the US which means its prices are also cheaper than the rest of the country by 7%. \nThe city boasts some locally owned businesses such as Minco Market which sells fresh produce & groceries at reasonable prices or The Carriage House which offers delicious breakfast and lunch options. More shops like Lynn's Floral Design and DD Nails provide necessary services to locals while some other stores like HEB Mercantile Co sell items for home decorating. All in all, Minco provides essential amenities at an affordable price that makes it attractive for those looking for a slower pace of life.
Minco has an unemployment rate of 3.7%. The US average is 6.0%.
Minco has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Minco
- The Sales Tax Rate for Minco is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Minco 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 Minco
- The average income of a Minco resident is $23,982 a year. The US average is $28,555 a year.
- The Median household income of a Minco resident is $47,734 a year. The US average is $69,021 a year.