Nichols Hills, OK is a small city located just north of Oklahoma City. This city offers a variety of amenities and services that make it a great place to live. The rent for two-bedroom apartments in Nichols Hills is significantly lower than the US average at $1,110 compared to $1,430. Likewise, the grocery cost index in Nichols Hills is lower than the US average at 99 versus 100. The most prominent companies in Nichols Hills are Devon Energy Corporation, BancFirst Corporation, and Chesapeake Energy Corporation. These businesses provide employment opportunities for locals as well as access to their goods and services.
Nichols Hills has an unemployment rate of 4.4%. The US average is 6.0%.
Nichols Hills has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Nichols Hills
- The Sales Tax Rate for Nichols Hills is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Nichols Hills 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 Nichols Hills
- The average income of a Nichols Hills resident is $113,234 a year. The US average is $28,555 a year.
- The Median household income of a Nichols Hills resident is $218,500 a year. The US average is $69,021 a year.